Waco, TX Retail Space for Lease
Browse 65 listing(s) for retail spaces across Waco, TX.
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721 S 4th St, Brazos, Waco, TX
Retail Space Rents in Waco, TX
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 Waco asks $19.73 per square foot.
Retail Space Lease Types in Waco, TX
The most common type of lease agreement you’ll find here is NNN, with 49 space(s) available under this type of arrangement. The local market is also home to 2 retail space(s) offered under a Gross + Electric lease agreement type, and 1 Modified Gross listing(s).
Most Common Type of Lease for Retail Buildings in Waco, TX
- NNN 49
- Gross + Electric 2
- Modified Gross 1
Average Size of Retail Space for Lease in Waco, TX
The average size for this type of rental opportunity in Waco is 1,000 sqft to 2,500 sqft. Currently, the local market offers 49 listing(s) within that size range. You can also search 32 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 Waco, TX
Retail space in Waco 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 Neighborhood Center and you can find 8 such space(s) available.
Neighborhood Center spaces listed for rent here have an average size of 15,087 square feet. Functioning like smaller-scale community centers, this type of space brings together several categories of retailers and other businesses to fulfill most or all of the needs of the population in the surrounding area.
The local market is also home to 6 space(s) listed as Restaurant. The average size you can expect to find for this category is 3,876 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.
What’s more, you can find 3 listing(s) in the Street Retail category, currently available in the average size of 2,012 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.
Number of Retail Spaces for Lease in Waco, TX, by Use Type
Neighborhood Center
8
Restaurant
6
Street Retail
3
Average Retail Listing Size in Waco, TX, by Use Type
Neighborhood Center
15,087 sq. ft.
Restaurant
3,876 sq. ft.
Street Retail
2,012 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 Waco, TX
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.
Brazos is your top choice for lease opportunities, as it is currently home to the highest number of listings — 38 retail space(s). The most popular space type here is Strip/Convenience. You can find 7 such listing(s) here.
Waco’s second most popular area is Kendrick, where you can find 32 retail listing(s). The most likely type of space you can rent here is Strip Retail. If this is the kind of property you are looking for, you will find 5 listing(s) available here.
Richland Hills is also among the best areas to search for your next commercial space. Here you can find 12 retail space(s) available for consideration by prospective tenants, of which 4 are Strip Retail.
Top Locations to Lease Retail Space in Waco, TX
Brazos
38
Kendrick
32
Richland Hills
12
East Riverside
6
Brookview-Heart of Texas
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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