Retail Space Lease Types in Newark, DE
The most common type of lease agreement you’ll find here is NNN, with 4 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, and 1 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Newark, DE
- NNN
4
- Modified Gross
1
- Full Service
1
Average Size of Retail Space for Lease in Newark, DE
The average size for this type of rental opportunity in Newark is more than 5,000 sqft. Currently, the local market offers 17 listing(s) within that size range.
You can also search 16 listing(s) in the 1,000 sqft to 2,500 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 Newark, DE
Retail space in Newark 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 Power Center and you can find 12 such space(s) available.
Power Center spaces listed for rent here have an average size of 17,371 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.
The local market is also home to 1 space(s) listed as Community Center. The average size you can expect to find for this category is 5,200 square feet. Community centers can incorporate grocery stores, discount department stores, large drugstores, and more. They’re meant to offer one-stop-shop convenience for residents of the surrounding area, so consider the local customer base when looking to lease a community center space.
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.
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.
Data based on retail spaces listed for rent on CommercialSearch.com
134-140 East Main Street, Newark, DE
500-700 Plaza Drive, Newark, DE
130 Corporate Blvd, Newark, DESpace Type
2800 Pulaski Highway, Glasgow, Newark, DE
Astro Shopping Center, Newark, DE
100-950 Peoples Plaza, Glasgow, Newark, DE
1109 Churchman's Road, Newark, DE
100 University Plaza, Newark, DE