Tempe, AZ Retail Space for Lease
Search 67 retail listings in Tempe, AZ 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 Tempe asks $20.43 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 29 space(s) available under this type of arrangement. The local market is also home to 3 retail space(s) offered under a Full Service lease agreement type, and 2 Modified Gross listing(s).
The average size for this type of rental opportunity in Tempe is 1,000 sqft to 2,500 sqft. Currently, the local market offers 79 listing(s) within that size range. You can also search 31 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 Tempe 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 8 such space(s) available.
Street Retail spaces listed for rent here have an average size of 10,765 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 2 space(s) listed as Restaurant. The average size you can expect to find for this category is 5,438 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 Freestanding category, currently available in the average size of 10,157 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.
Street Retail
8
Restaurant
2
Freestanding
2
Street Retail
10,765 sq. ft.
Restaurant
5,438 sq. ft.
Freestanding
10,157 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.
Hughes Acres is your top choice for lease opportunities, as it is currently home to the highest number of listings — 40 retail space(s). The most popular space type here is Street Retail. You can find 2 such listing(s) here.
Tempe’s second most popular area is Peterson Park, where you can find 21 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 5 listing(s) available here.
Bell de Mar Crossing is also among the best areas to search for your next commercial space. Here you can find 18 retail space(s) available for consideration by prospective tenants.
Hughes Acres
40
Peterson Park
21
Bell de Mar Crossing
18
Tempe Gardens
14
Sandahl
11
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.
How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.
Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Tempe real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 1.22% of the city’s total retail real estate.
LEED Gold
1
Data based on retail spaces listed for rent on CommercialSearch.com
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