Retail Space Rents in Medina, OH
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 Medina asks $14.41 per square foot.
Retail Space Lease Types in Medina, OH
The most common type of lease agreement you’ll find here is Modified Gross, with 4 space(s) available under this type of arrangement.
The local market is also home to 4 retail space(s) offered under a NNN lease agreement type, and 1 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Medina, OH
- Modified Gross
4
- NNN
4
- Full Service
1
Average Size of Retail Space for Lease in Medina, OH
The average size for this type of rental opportunity in Medina is 1,000 sqft to 2,500 sqft. Currently, the local market offers 18 listing(s) within that size range.
You can also search 15 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 Medina, OH
Retail space in Medina 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 Street Retail and you can find 2 such space(s) available.
Street Retail spaces listed for rent here have an average size of 1,679 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.
The local market is also home to 1 space(s) listed as Neighborhood Center. The average size you can expect to find for this category is 4,100 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.
What’s more, you can find 1 listing(s) in the Restaurant category, currently available in the average size of 2,742 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.
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
2739-2797 Medina Rd., Medina, OHProperty
2736 Medina Road, Medina, OHProperty
5145 + 5155 Buehler's Drive, Medina, OH
3723-3739 Stonegate Drive, Medina, OHProperty
111 W Liberty St, Medina, OHProperty
799 N Court St, Medina, OHProperty
1033 North Court Street, Medina, OHProperty.jpg?width=450 "930 N Court St")
930 N Court St, Medina, OHProperty
228 South Court Street, Medina, OHProperty
387 MEDINA RD (SR 18), Medina, OHProperty