Raleigh, NC Retail Space for Lease
Search 65 retail listings in Raleigh, NC and find helpful local stats in the Market Overview section below.
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Ten Ten Rd. & Royal Creek Dr., Manor Ridge, Fuquay-Varina, NC
Retail Space Rents in Raleigh, NC
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 Raleigh asks $27.66 per square foot.
Retail Space Lease Types in Raleigh, NC
The most common type of lease agreement you’ll find here is NNN, with 22 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, and 1 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Raleigh, NC
- NNN 22
- Modified Gross 1
- Full Service 1
Average Size of Retail Space for Lease in Raleigh, NC
The average size for this type of rental opportunity in Raleigh is 1,000 sqft to 2,500 sqft. Currently, the local market offers 59 listing(s) within that size range. You can also search 25 listing(s) in the 2,500 sqft to 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 Raleigh, NC
Retail space in Raleigh 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 2,825 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 5 space(s) listed as Street Retail. The average size you can expect to find for this category is 2,224 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 Freestanding category, currently available in the average size of 17,250 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.
Number of Retail Spaces for Lease in Raleigh, NC, by Use Type
Restaurant
6
Street Retail
5
Freestanding
1
Average Retail Listing Size in Raleigh, NC, by Use Type
Restaurant
2,825 sq. ft.
Street Retail
2,224 sq. ft.
Freestanding
17,250 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.
Top Locations to Lease Retail Space in Raleigh, NC
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.
Downtown Raleigh is your top choice for lease opportunities, as it is currently home to the highest number of listings — 22 retail space(s). The most popular space type here is Street Retail. You can find 5 such listing(s) here.
Raleigh’s second most popular area is Quail Hollow, where you can find 16 retail listing(s). The most likely type of space you can rent here is Restaurant. If this is the kind of property you are looking for, you will find 1 listing(s) available here.
Brook Forest is also among the best areas to search for your next commercial space. Here you can find 16 retail space(s) available for consideration by prospective tenants, of which 1 are Restaurant.
Top Locations to Lease Retail Space in Raleigh, NC
Downtown Raleigh
22
Quail Hollow
16
Brook Forest
16
Brentwood
8
Pullen Park Terrace
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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Recent Retail Market News
Kane Realty JV Lands $134M Refi for Mixed-Use Development
Barings provided the loan for the two-building property.
PAC Sells Raleigh Shopping Center
JLL Capital Markets brokered the transaction.
Epic Games to Convert Mall to Global HQ
The sale calls off the previous owner’s plans for a mixed-use development at the struggling retail center in Cary, N.C.
Raleigh-Area Wegmans Property Sells for $35M
Realty Income Corp. acquired the retail asset in Cary, N.C., from an affiliate of LeylandAlliance.
Pacific Retail to Manage North Raleigh Mall
The company has also partnered with The Maley Co. to handle leasing at the property.
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