Toledo, OH Retail Space for Lease
Search 63 retail listings in Toledo, OH and find helpful local stats in the Market Overview section below.
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 Toledo asks $11.66 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 45 space(s) available under this type of arrangement. The local market is also home to 3 retail space(s) offered under a Modified Gross lease agreement type, and 2 Full Service listing(s).
The average size for this type of rental opportunity in Toledo is 1,000 sqft to 2,500 sqft. Currently, the local market offers 33 listing(s) within that size range. You can also search 28 listing(s) in the more than 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 in Toledo 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 Street Retail and you can find 15 such space(s) available.
Street Retail spaces listed for rent here have an average size of 8,598 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.
The local market is also home to 6 space(s) listed as Restaurant. The average size you can expect to find for this category is 4,095 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 2 listing(s) in the Regional Mall category, currently available in the average size of 21,963 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.
Street Retail
15
Restaurant
6
Regional Mall
2
Freestanding
1
Street Retail
8,598 sq. ft.
Restaurant
4,095 sq. ft.
Regional Mall
21,963 sq. ft.
Freestanding
4,928 sq. ft.
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.
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Franklin Park is your top choice for lease opportunities, as it is currently home to the highest number of listings — 14 retail space(s). The most popular space type here is Restaurant. You can find 2 such listing(s) here.
Toledo’s second most popular area is Southwyck, where you can find 8 retail listing(s).
Glendale - Heatherdowns is also among the best areas to search for your next commercial space. Here you can find 7 retail space(s) available for consideration by prospective tenants, of which 1 are Strip Retail.
Franklin Park
14
Southwyck
8
Glendale - Heatherdowns
7
Downtown Toledo
6
Reynolds Corners
6
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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