Roanoke, VA Retail Space for Lease

Search 21 retail listings in Roanoke, VA and find helpful local stats in the Market Overview section below.

Towne Square

1287-1445 Towne Square Blvd NW, Roanoke, VA
Property

Retail

209,639 SF
Availability

5 Spaces

32,817 SF
For Lease Contact for pricing
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Retail Space Rents in Roanoke, VA

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 Roanoke asks $13.89 per square foot.

Retail Space Lease Types in Roanoke, VA

The most common type of lease agreement you’ll find here is NNN, with 11 space(s) available under this type of arrangement. The local market is also home to 4 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 Roanoke, VA

NNN 11
Modified Gross 4
Full Service 1

Average Size of Retail Space for Lease in Roanoke, VA

The average size for this type of rental opportunity in Roanoke is 1,000 sqft to 2,500 sqft. Currently, the local market offers 24 listing(s) within that size range. You can also search 14 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 Roanoke, VA

Retail space in Roanoke 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 Restaurant and you can find 3 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 4,880 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.

The local market is also home to 1 space(s) listed as Shared Space. The average size you can expect to find for this category is 1,200 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.

What’s more, you can find 1 listing(s) in the Freestanding category, currently available in the average size of 41,117 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

Number of Retail Spaces for Lease in Roanoke, VA, by Use Type

Restaurant

Shared Space

Freestanding

Average Retail Listing Size in Roanoke, VA, by Use Type

Restaurant

4,880 sq. ft.

Shared Space

1,200 sq. ft.

Freestanding

41,117 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.

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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