Retail Space Lease Types in Reading, PA
The most common type of lease agreement you’ll find here is NNN, with 4 space(s) available under this type of arrangement.
The local market is also home to 2 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 Reading, PA
- NNN
4
- Modified Gross
2
- Full Service
1
Average Size of Retail Space for Lease in Reading, PA
The average size for this type of rental opportunity in Reading is 2,500 sqft to 5,000 sqft. Currently, the local market offers 24 listing(s) within that size range.
You can also search 23 listing(s) in the 1,000 sqft to 2,500 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 Reading, PA
Retail space in Reading 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 4 such space(s) available.
Regional Mall spaces listed for rent here have an average size of 45,666 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 Street Retail. The average size you can expect to find for this category is 12,840 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 10,892 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
421 Penn Avenue, West Reading, PA
4599 Perkiomen Ave, Reiffton, Reading, PA
172 Shillington Rd, Sinking Spring, Reading, PA
1 Parkside Avenue, Montrose Manor, Reading, PA
1665 State Hill Road, Wyomissing, PA
90 Commerce Drive, Spring Ridge, Wyomissing, PA
408 Penn St, Reading, PA