Washington, DC Retail Space for Lease
Search 228 retail listings in Washington, DC 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 Washington asks $44.65 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 46 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 1 NN listing(s).
The average size for this type of rental opportunity in Washington is 1,000 sqft to 2,500 sqft. Currently, the local market offers 128 listing(s) within that size range. You can also search 73 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 in Washington 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 45 such space(s) available.
Restaurant spaces listed for rent here have an average size of 2,705 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 11 space(s) listed as Street Retail. The average size you can expect to find for this category is 4,186 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.
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.
Downtown Washington is your top choice for lease opportunities, as it is currently home to the highest number of listings — 94 retail space(s). The most popular space type here is Restaurant. You can find 2 such listing(s) here.
Washington’s second most popular area is Georgetown, where you can find 39 retail listing(s). The most likely type of space you can rent here is Restaurant. If this is the kind of property you are looking for, you will find 1 listing(s) available here.
Penn Quarter is also among the best areas to search for your next commercial space. Here you can find 31 retail space(s) available for consideration by prospective tenants, of which 2 are Restaurant.
Downtown Washington
94
Georgetown
39
Penn Quarter
31
H Street Washington
27
Dupont Circle
19
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 Washington real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 0.37% of the city’s total retail real estate.
LEED Gold
1
Data based on retail spaces listed for rent on CommercialSearch.com
Whole Foods Market anchors the suburban property.
The open-air properties are located in three different regions.
Maryland’s second-largest mall has new owners.
Combined with previous dispositions at the property, the company’s total exit value exceeds $50 million.
The highest-trafficked Shoppers Food Warehouse anchors this shopping center.
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