Lansing, MI Retail Space for Lease
Search 66 retail listing(s) in Lansing, MI and find helpful local stats in the Market Overview section below.
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1202 S Washington Ave, Lansing, MI -
503 S. Capitol, Lansing, MI
Retail Space Rents in 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 Lansing asks $11.71 per square foot.
Retail Space Lease Types in Lansing, MI
The most common type of lease agreement you’ll find here is NNN, with 38 space(s) available under this type of arrangement. The local market is also home to 13 retail space(s) offered under a Modified Gross lease agreement type, and 1 Gross + Electric listing(s).
Most Common Type of Lease for Retail Buildings in Lansing, MI
- NNN 38
- Modified Gross 13
- Gross + Electric 1
Average Size of Retail Space for Lease in Lansing, MI
The average size for this type of rental opportunity in Lansing is 1,000 sqft to 2,500 sqft. Currently, the local market offers 59 listing(s) within that size range. You can also search 35 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 Types You Can Lease in Lansing, MI
Retail space in 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 Street Retail and you can find 6 such space(s) available.
Street Retail spaces listed for rent here have an average size of 3,621 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.
The local market is also home to 4 space(s) listed as Restaurant. The average size you can expect to find for this category is 1,565 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.
What’s more, you can find 1 listing(s) in the Neighborhood Center category, currently available in the average size of 11,500 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.
Number of Retail Spaces for Lease in Lansing, MI, by Use Type
Street Retail
6
Restaurant
4
Neighborhood Center
1
Average Retail Listing Size in Lansing, MI, by Use Type
Street Retail
3,621 sq. ft.
Restaurant
1,565 sq. ft.
Neighborhood Center
11,500 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.
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
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