Retail Space Rents in Chesapeake, 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 Chesapeake asks $13.7 per square foot.
Retail Space Lease Types in Chesapeake, VA
The most common type of lease agreement you’ll find here is NNN, with 21 space(s) available under this type of arrangement.
Most Common Type of Lease for Retail Buildings in Chesapeake, VA
Average Size of Retail Space for Lease in Chesapeake, VA
The average size for this type of rental opportunity in Chesapeake is 1,000 sqft to 2,500 sqft. Currently, the local market offers 47 listing(s) within that size range.
You can also search 16 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 Chesapeake, VA
Retail space in Chesapeake 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 15 such space(s) available.
Regional Mall spaces listed for rent here have an average size of 2,162 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 5 space(s) listed as Community Center. The average size you can expect to find for this category is 2,063 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.
What’s more, you can find 2 listing(s) in the Street Retail category, currently available in the average size of 1,055 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.
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 Chesapeake, 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.
Chesapeake Square Mall is your top choice for lease opportunities, as it is currently home to the highest number of listings — 26 retail space(s).
The most popular space type here is Regional Mall.
You can find 15 such listing(s) here.
Chesapeake’s second most popular area is Greenbrier Commerce Park, where you can find 17 retail listing(s).
The most likely type of space you can rent here is Neighborhood Center.
If this is the kind of property you are looking for, you will find 1 listing(s) available here.
Indian River Estates is also among the best areas to search for your next commercial space. Here you can find 9 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
Summit Pointe (Retail), Greenbrier Commerce Park, Chesapeake, VA
717-729 S. Battlefield Blvd, Chesapeake Colony, Chesapeake, VA
500 Volvo Parkway, Greenbrier Commerce Park, Chesapeake, VA
1903-1989 S Military Hwy, Chesapeake Crossing, Chesapeake, VAProperty
1464 Mt Pleasant Rd, Eva Gardens, Chesapeake, VA
1320 Kempsville Road, Plantation Woods, Chesapeake, VA
717 - 741 Eden Way North, Greenbrier Commerce Park, Chesapeake, VAProperty
838 Old George Washington Highway, Washington Manor, Chesapeake, VAProperty
1457 Mt. Pleasant Road, Albemarle Acres West, Chesapeake, VA
1296 South Battlefield Boulevard , Battlewood Meadows, Chesapeake, VAProperty
1080 George Washington Hwy N, Camelot, Chesapeake, VA
701 North Battlefield Boulevard, Oak Grove Meadows, Chesapeake, VA
1412 Greenbrier Parkway, Greenbrier Commerce Park, Chesapeake, VA
910 Dominion Blvd S, Marsh Creek, Chesapeake, VAProperty
2125 Starmount Pky, Dock Landing Meadows, Chesapeake, VA
1245 Cedar Road, Las Gaviotas, Chesapeake, VAProperty
4303-4361 Indian River Rd, Indian River Estates, Chesapeake, VAProperty
109 Gainsborough Sq, Chesapeake General Hospital, Chesapeake, VA