Torrance, CA Retail Space for Lease
Browse 33 listing(s) for retail spaces across Torrance, CA.
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21201- 21327 Hawthorne Boulevard, West Torrance - Southwood, Torrance, CA
Retail Space Rents in Torrance, CA
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 Torrance asks $31.41 per square foot.
Retail Space Lease Types in Torrance, CA
The most common type of lease agreement you’ll find here is NNN, with 12 space(s) available under this type of arrangement. The local market is also home to 1 retail space(s) offered under a Modified Gross lease agreement type.
Most Common Type of Lease for Retail Buildings in Torrance, CA
- NNN 12
- Modified Gross 1
Average Size of Retail Space for Lease in Torrance, CA
The average size for this type of rental opportunity in Torrance is 1,000 sqft to 2,500 sqft. Currently, the local market offers 26 listing(s) within that size range. You can also search 19 listing(s) in the less than 1,000 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 Torrance, CA
Retail space in Torrance 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 4 such space(s) available.
Restaurant spaces listed for rent here have an average size of 2,069 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 Street Retail. The average size you can expect to find for this category is 6,614 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.
What’s more, you can find 1 listing(s) in the Power Center category, currently available in the average size of 1,772 square feet. Power centers bring together large anchor tenants as well as smaller retail spaces for other businesses that want a piece of the great foot traffic that this type of shopping center can generate.
Number of Retail Spaces for Lease in Torrance, CA, by Use Type
Restaurant
4
Street Retail
1
Power Center
1
Average Retail Listing Size in Torrance, CA, by Use Type
Restaurant
2,069 sq. ft.
Street Retail
6,614 sq. ft.
Power Center
1,772 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.
Top Locations to Lease Retail Space in Torrance, CA
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.
Walteria is your top choice for lease opportunities, as it is currently home to the highest number of listings — 18 retail space(s). The most popular space type here is Street Retail. You can find 1 such listing(s) here.
Torrance’s second most popular area is Harbor Gateway South, where you can find 15 retail listing(s). The most likely type of space you can rent here is Strip Retail. If this is the kind of property you are looking for, you will find 4 listing(s) available here.
Central Business District is also among the best areas to search for your next commercial space. Here you can find 10 retail space(s) available for consideration by prospective tenants.
Top Locations to Lease Retail Space in Torrance, CA
Walteria
18
Harbor Gateway South
15
Central Business District
10
North Torrance
10
Old Torrance
7
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.
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 Torrance real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 2.94% of the city’s total retail real estate.
Distribution of LEED-Certified Retail Properties in Torrance, CA
LEED Silver
1
Data based on retail spaces listed for rent on CommercialSearch.com
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