Retail Space Rents in East Lansing, MI
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 East Lansing asks $19 per square foot.
Retail Space Lease Types in East Lansing, MI
The most common type of lease agreement you’ll find here is NNN, with 11 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 East Lansing, MI
Average Size of Retail Space for Lease in East Lansing, MI
The average size for this type of rental opportunity in East Lansing is 1,000 to 2,500 sq. ft.. Currently, the local market offers 10 listing(s) within that size range.
You can also search 7 listing(s) in the 2,500 to 5,000 sq. ft. 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 East Lansing, MI
Retail space in East Lansing 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 6 such space(s) available.
Restaurant spaces listed for rent here have an average size of 1,751 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 2 space(s) listed as Street Retail. The average size you can expect to find for this category is 2,301 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 Neighborhood Center category, currently available in the average size of 2,700 square feet. Functioning like smaller-scale community centers, this type of space brings together several categories of retailers and other businesses to fulfill most or all of the needs of the population in the surrounding area.
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
210 W Lake Lansing Rd, East Lansing, MISpace Type
641 E Grand River, East Lansing, MISpace Type
100 W Grand River Road, East Lansing, MISpace Type
2200 Coolidge Rd, East Lansing, MISpace Type
933 E Grand River Ave, East Lansing, MISpace Type
3320 Lake Lansing Rd, East Lansing, MISpace Type
3140 East Michigan Avenue, East Lansing, Lansing, MISpace Type
919 E Grand River Ave, East Lansing, MISpace Type
1350 W Lake Lansing Road, East Lansing, MI
1351 E Grand River Ave, East Lansing, MISpace Type
3224 E Michigan Ave, East Lansing, Lansing, MISpace Type
421 E. Grand River Avenue, East Lansing, MI
7733 E Saginaw St, East Lansing, MI