Retail Space Rents in Madison, MS
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 Madison asks $22.64 per square foot.
Retail Space Lease Types in Madison, MS
The most common type of lease agreement you’ll find here is NNN, with 7 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, and 1 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Madison, MS
- NNN
7
- Modified Gross
1
- Full Service
1
Average Size of Retail Space for Lease in Madison, MS
The average size for this type of rental opportunity in Madison is 1,000 sqft to 2,500 sqft. Currently, the local market offers 8 listing(s) within that size range.
You can also search 2 listing(s) in the less than 1,000 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 Madison, MS
Retail space in Madison 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 Community Center and you can find 2 such space(s) available.
Community Center spaces listed for rent here have an average size of 1,634 square feet. Community centers can incorporate grocery stores, discount department stores, large drugstores, and more. They’re meant to offer one-stop-shop convenience for residents of the surrounding area, so consider the local customer base when looking to lease a community center space.
The local market is also home to 2 space(s) listed as Restaurant. The average size you can expect to find for this category is 5,889 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
What’s more, you can find 1 listing(s) in the Shared Space category, currently available in the average size of 300 square feet. Shared retail space is in some ways comparable to coworking office solutions. However, businesses in this context share a shop. It is also sometimes referred to as co-retailing and allows businesses to share resources such as physical space, stationery, and other support essentials, in order to cut down on some of the costs of running the business.
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
100 Merchant Street, Madison, MSProperty
264 Calhoun Station Parkway, Madison, MSProperty
100 Mannsdale Park Dr, Madison, MSProperty
1022 Highway 51, Madison, MSProperty
618 Magnolia St, Madison, MSProperty