Retail Space Rents in Orion, 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 Orion asks $9.78 per square foot.
Retail Space Lease Types in Orion, MI
The most common type of lease agreement you’ll find here is NNN, with 9 space(s) available under this type of arrangement.
The local market is also home to 1 retail space(s) offered under a Full Service lease agreement type.
Most Common Type of Lease for Retail Buildings in Orion, MI
Average Size of Retail Space for Lease in Orion, MI
The average size for this type of rental opportunity in Orion is 1,000 sqft to 2,500 sqft. Currently, the local market offers 9 listing(s) within that size range.
You can also search 9 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 Orion, MI
Retail space in Orion 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 3 such space(s) available.
Street Retail spaces listed for rent here have an average size of 1,791 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 1 space(s) listed as Freestanding. The average size you can expect to find for this category is 11,900 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.
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
2643-2651 S Lapeer Rd, Orion, Lake Orion, MISpace Type
3901 S Lapeer Rd, Orion, Lake Orion, MI
1176-1234 S Lapeer Rd, Orion, Lake Orion, MI
4872 S. Baldwin Road, Orion, Orion Township, MI
1115 South Lapeer Road, Orion, Orion Twp, MI
4927 Baldwin Rd, Orion, Orion Township, MI
S. Lapeer Rd, Orion, Orion Township, MISpace Type
780 South Lapeer Road, Orion, Lake Orion, MISpace Type