Retail Space Rents in Virginia Beach, VA
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 Virginia Beach asks $21.61 per square foot.
Retail Space Lease Types in Virginia Beach, VA
The most common type of lease agreement you’ll find here is NNN, with 48 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, and 1 Modified Gross listing(s).
Most Common Type of Lease for Retail Buildings in Virginia Beach, VA
- NNN
48
- Full Service
1
- Modified Gross
1
Average Size of Retail Space for Lease in Virginia Beach, VA
The average size for this type of rental opportunity in Virginia Beach is 1,000 sqft to 2,500 sqft. Currently, the local market offers 51 listing(s) within that size range.
You can also search 25 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 Virginia Beach, VA
Retail space in Virginia Beach 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 Community Center and you can find 3 such space(s) available.
Community Center spaces listed for rent here have an average size of 1,202 square feet. Community centers can incorporate grocery stores, discount department stores, large drugstores, and more. They’re meant to offer one-stop-shop convenience for residents of the surrounding area, so consider the local customer base when looking to lease a community center space.
The local market is also home to 2 space(s) listed as Regional Mall. The average size you can expect to find for this category is 1,716 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.
What’s more, you can find 1 listing(s) in the Restaurant category, currently available in the average size of 4,859 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 Virginia Beach, VA
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.
Pembroke Manor is your top choice for lease opportunities, as it is currently home to the highest number of listings — 7 retail space(s).
The most popular space type here is Regional Mall.
You can find 2 such listing(s) here.
Virginia Beach’s second most popular area is Princess Anne Plaza, where you can find 7 retail listing(s).
Point O Woods is also among the best areas to search for your next commercial space. Here you can find 5 retail space(s) available for consideration by prospective tenants.
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.
How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.
Data based on retail spaces listed for rent on CommercialSearch.com
5277 Princess Anne Road, Point O View, Virginia Beach, VA
2129 General Booth Blvd, Red Mill, Virginia Beach, VA
2720-2728 North Mall Drive, Princess Anne Plaza, Virginia Beach, VA
1505 Lynnhaven Parkway, The Point, Virginia Beach, VAProperty
2029 South Lynnhaven Parkway, Brenneman Farm, Virginia Beach, VA
3312 Princess Anne Road, Virginia Beach National Golf Club, Virginia Beach, VA
2953-2955 Virginia Beach Boulevard, Pinewood Gardens, Virginia Beach, VA
5705 Lynnhaven Pky, Alexandria, Virginia Beach, VA
675 Lynnhaven Parkway, Princess Anne Plaza, Virginia Beach, VAProperty
4716 Virginia Beach Blvd, Pembroke Manor, Virginia Beach, VA
5072 Ferrell Parkway, Acredale, Virginia Beach, VA
1115 Independence Blvd, Thoroughgood Colony, Virginia Beach, VA
222 Central Park Ave, Pembroke Manor, Virginia Beach, VA
1932-1956 Laskin Road, Point O Woods, Virginia Beach, VA
4001 Virginia Beach Blvd, Thalia Meadows, Virginia Beach, VA
2973 Shore Drive , Lynnhaven Colony, Virginia Beach, VA
1924 Centerville Turnpike, Charlestown, Virginia Beach, VA
2272 W. Great Neck Road, Cape Story by the Sea, Virginia Beach, VAProperty
5242 Fairfield Shopping Center, Fairfield, Virginia Beach, VA
2052 - 2076 S. Independence Blvd, Virginia Beach National Golf Club, Virginia Beach, VAProperty