Phoenix, AZ Retail Space for Lease
Browse 227 listing(s) for retail spaces across Phoenix, AZ.
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 Phoenix asks $20.57 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 118 space(s) available under this type of arrangement. The local market is also home to 16 retail space(s) offered under a Modified Gross lease agreement type, and 5 Full Service listing(s).
The average size for this type of rental opportunity in Phoenix is 1,000 to 2,500 sq. ft.. Currently, the local market offers 206 listing(s) within that size range. You can also search 111 listing(s) in the 2,500 to 5,000 sq. ft. 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 Phoenix 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 14 such space(s) available.
Street Retail spaces listed for rent here have an average size of 2,066 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 9 space(s) listed as Restaurant. The average size you can expect to find for this category is 2,144 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.
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.
Ahwatukee Foothills is your top choice for lease opportunities, as it is currently home to the highest number of listings — 71 retail space(s). The most popular space type here is Restaurant. You can find 2 such listing(s) here.
Phoenix’s second most popular area is North Mountain Village, where you can find 69 retail listing(s). The most likely type of space you can rent here is Street Retail. If this is the kind of property you are looking for, you will find 3 listing(s) available here.
Deer Valley Village is also among the best areas to search for your next commercial space. Here you can find 54 retail space(s) available for consideration by prospective tenants.
Ahwatukee Foothills
71
North Mountain Village
69
Deer Valley Village
54
Maryvale
53
Paradise Valley Village
49
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
The six properties total 1.3 million square feet.
The company relocated from a nearby Phoenix property.
The once-vacant property has already attracted new tenants.
The property is fully leased.
PNC Bank provided the financing.
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