Somerset, KY Retail Space for Lease
Search 3 retail listing(s) in Somerset, KY 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 Somerset asks $7.59 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 2 space(s) available under this type of arrangement.
The average size for this type of rental opportunity in Somerset is 1,000 sqft to 2,500 sqft. Currently, the local market offers 7 listing(s) within that size range. You can also search 3 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 Somerset 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 6 such space(s) available.
Power Center spaces listed for rent here have an average size of 6,353 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.
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.
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
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