Retail Space Rents in Ithaca, NY
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 Ithaca asks $19.98 per square foot.
Retail Space Lease Types in Ithaca, NY
The most common type of lease agreement you’ll find here is Modified Gross, with 1 space(s) available under this type of arrangement.
The local market is also home to 1 retail space(s) offered under a NNN lease agreement type, and 1 Net listing(s).
Most Common Type of Lease for Retail Buildings in Ithaca, NY
- Modified Gross
1
- NNN
1
- Net
1
Average Size of Retail Space for Lease in Ithaca, NY
The average size for this type of rental opportunity in Ithaca is 1,000 to 2,500 sq. ft.. Currently, the local market offers 27 listing(s) within that size range.
You can also search 17 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 Ithaca, NY
Retail space in Ithaca 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 Regional Mall and you can find 31 such space(s) available.
Regional Mall spaces listed for rent here have an average size of 5,407 square feet. Regional shopping centers or regional malls are among the largest retail properties you can find. They tend to bring together a large number of customers with a wide array of businesses ready to cater to a diverse array of needs and interests.
The local market is also home to 1 space(s) listed as Restaurant. The average size you can expect to find for this category is 2,550 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.
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 Ithaca, NY
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.
Belle Sherman is your top choice for lease opportunities, as it is currently home to the highest number of listings — 4 retail space(s).
Ithaca’s second most popular area is Downtown Ithaca, where you can find 3 retail listing(s).
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
131 East Green Street, Downtown Ithaca, Ithaca, NY
40 Catherwood Rd, Lansing, Ithaca, NY
125 East State Street, Downtown Ithaca, Ithaca, NY
420 & 424 West State Street, Downtown Ithaca, Ithaca, NYSpace Type
23 Cinema Dr, Lansing, Ithaca, NYSpace Type