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  2. Average retail rent per square foot in the United States12:
    • In the first quarter of 2023, the average square footage asking rent reached 22.95 U.S. dollars.
    • As of the first quarter of 2024, shopping center real estate in the West had the highest rents at 29 U.S. dollars per square foot.
    Learn more:
    The average asking rent for retail real estate in the United States increased steadily in the last decade. In the first quarter of 2023, the average square footage asking rent reached 22.95 U.S. dollars.
    www.statista.com/statistics/1270865/retail-space-re…
    The average monthly asking rent per square foot of shopping center real estate in the United States increased between 2020 and 2024. This trend was observed in all regions, with the West seeing the highest rents at 29 U.S. dollars per square foot as of the first quarter of 2024.
    www.statista.com/statistics/1200208/asking-rent-sh…
     
  3. People also ask
    How much does it cost to rent a retail space?The “good spot” in a popular shopping area might be $25 per square foot, while a less swanky location could be $10 or $11. So for 2,000 square foot of retail space, you’re looking at a potential rent cost difference of $30,000 per year ($2,500/month) in this example, based solely on location.
    What is rent per square foot?Rent per Square Foot: This is the annual or monthly rental rate applied to each square foot of a commercial space. It helps in comparing the cost of different properties regardless of their total size. This is often shortened to $/SF/YR (for annual rates) and $/SF/MO (for monthly rates).
    How much does retail rent cost in Toronto?The average retail rents in prime areas of Toronto range from approximately $40 to $150 CAD per square foot per year. To read: our Toronto MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
    Why is rent per square foot important in commercial real estate?The calculation of rent per square foot is particularly important in commercial real estate due to the nature of how spaces are utilized and configured. This method offers a standardized metric that allows potential tenants to compare different properties efficiently.
     
  4. How to Calculate Commercial Rents Per Square Foot

    WebSep 20, 2019 · Learn how to calculate commercial rent per square foot based on usable or rentable space, lease structure, and NNN

    • Estimated Reading Time: 8 mins
  5. Average rent shopping center space U.S. 2024 | Statista

    WebAverage rent of shopping centers in the U.S. 2020-2024, by region. The average monthly asking rent per square foot of shopping center real estate in the United States increased between...

  6. What It Costs to Rent a Retail Space - The Balance

    WebOct 15, 2022 · Learn how to evaluate your costs and set a budget for renting a store building. Find out how to use research, comparables, and lease terms to negotiate the best deal for your business.

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  9. How to Calculate Commercial Rent - The Balance

  10. Phoenix, AZ Retail Space for Lease | 266 Properties

    WebRetail. 101,361 SF. Availability. 1 Space. 3,133 SF. Year Built. 1962. For Lease Contact for pricing. View Details. Contact Property. 41715 North 41st Drive, Anthem, AZ. Property. Retail. 25,252 SF. Availability. 1 Space. …

  11. Manhattan, NY Retail Space for Lease | 1,344 …

    WebNew York. Manhattan, NY Retail Space for Rent - 1,344 Listings. Search retail property for lease and view the Market Overview section below for local stats and insight. Sort By Best Match. 69 Mercer Street, SoHo, New …

  12. How to Lease a Retail Space in 6 Steps - Fit Small …

    WebMar 17, 2023 · To effectively rent a retail space, you need to set a budget, look for a few quality options, and know how to negotiate your lease to find a cost-efficient place that meets your needs. Doing all this can be difficult, …

  13. Boulder, CO Retail Space – 75 Listings - CommercialCafe

  14. Retail Space For Rent | Commercial Leasing | Crexi.com

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  20. United States Commercial Property Prices 2020: Per Square Foot

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  22. U.S. commercial real estate - statistics & facts | Statista

  23. Retail Space For Lease | Toronto | Canada | Cushman & Wakefield

  24. Upper West Side Building Lands Three New Retail Tenants - The …

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  26. Rent per square foot of Canadian retail space by type 2019 - Statista

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  28. A retail tenant pays percentage rent of 4% over a | Chegg.com

  29. Seattle, WA.: average shopping center rent 2024 | Statista

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