Retail Space Rents in Mankato, MN
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Mankato asks $20.9 per square foot.
Retail Space Lease Types in Mankato, MN
The most common type of lease agreement you’ll find here is NNN, with 16 space(s) available under this type of arrangement.
The local market is also home to 1 retail space(s) offered under a Modified Gross lease agreement type.
Most Common Type of Lease for Retail Buildings in Mankato, MN
Average Size of Retail Space for Lease in Mankato, MN
The average size for this type of rental opportunity in Mankato is 1,000 sqft to 2,500 sqft. Currently, the local market offers 20 listing(s) within that size range.
You can also search 15 listing(s) in the 2,500 sqft to 5,000 sqft range.
It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Mankato, MN
Retail space in Mankato comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Regional Mall and you can find 9 such space(s) available.
Regional Mall spaces listed for rent here have an average size of 11,429 square feet. Regional shopping centers or regional malls are among the largest retail properties you can find. They tend to bring together a large number of customers with a wide array of businesses ready to cater to a diverse array of needs and interests.
The local market is also home to 1 space(s) listed as Street Retail. The average size you can expect to find for this category is 1,421 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
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