New Street Commons

55 New Street Listing Brief

• Price of Retail Space for Lease at 55 New Street

  A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

  Retail space at New Street Commons asks $13.45/SF/YR per square foot.

• Type of Retail Space for Lease at 55 New Street

  The property includes 49,656 square feet of retail space for lease. Of this total, 49,656 square feet are Retail, 17,600 square feet are Industrial.

  Lease agreement conditions for the availability at this property include Modified Gross.

  Mixed-use buildings combining office space alongside retail present additional opportunities for steady foot traffic and a potentially loyal customer base. Additionally, the property also houses 1 industrial space(s), simplifying storage and logistics for on-site businesses.

  For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

• Amenities and Perks of Leasing Retail Space at New Street Commons

  You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

  For car-travelling customers, 55 New Street has a parking ratio of 1.19 / 1,000 SF, offering 96 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.