Livonia, MI Retail Space for Lease
Browse 33 listing(s) for retail spaces across Livonia, MI.
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34901 Plymouth Rd, Old Rosedale Gardens, Livonia, MI
Retail Space Rents in Livonia, 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 Livonia asks $14.53 per square foot.
Retail Space Lease Types in Livonia, MI
The most common type of lease agreement you’ll find here is NNN, with 20 space(s) available under this type of arrangement. The local market is also home to 7 retail space(s) offered under a Full Service lease agreement type, and 3 Modified Gross listing(s).
Most Common Type of Lease for Retail Buildings in Livonia, MI
- NNN 20
- Full Service 7
- Modified Gross 3
Average Size of Retail Space for Lease in Livonia, MI
The average size for this type of rental opportunity in Livonia is 1,000 to 2,500 sq. ft.. Currently, the local market offers 35 listing(s) within that size range. You can also search 11 listing(s) in the More than 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 Livonia, MI
Retail space in Livonia 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 2,477 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.
Top Locations to Lease Retail Space in Livonia, MI
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.
Lyndon Manor - Compton is your top choice for lease opportunities, as it is currently home to the highest number of listings — 20 retail space(s). The most popular space type here is Strip Retail. You can find 10 such listing(s) here.
Livonia’s second most popular area is Downtown Livonia, where you can find 7 retail listing(s). The most likely type of space you can rent here is Street Retail. If this is the kind of property you are looking for, you will find 4 listing(s) available here.
Clements Circle is also among the best areas to search for your next commercial space. Here you can find 7 retail space(s) available for consideration by prospective tenants.
Top Locations to Lease Retail Space in Livonia, MI
Lyndon Manor - Compton
20
Downtown Livonia
7
Clements Circle
7
Brookside - Burton Hollow
7
Hunters
5
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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