Retail Spaces for Lease in the Washington Metropolitan Area
Retail spaces for lease are a popular commodity in the Washington Metropolitan area. After all, this is a region that is big on shopping. And whether it’s trendy shops in urban centers, giant indoor malls in the suburbs, or mom and pop businesses throughout DC, Northern Virginia and Maryland, merchants all need one thing in common—a place to do their business in.
The real estate market—both commercial and residential—has been steadily climbing throughout the DC Metro region in recent years. That combined with a continued growth in retail employment has contributed to tightening market when it comes to available commercial properties for sale. But there’s still plenty of retail lease opportunities and that will only increase, with new development and construction occurring with great regularity.
Retail Spaces for Lease in the Washington Metropolitan Area
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But apart from the availability factor, what are the advantages for leasing rather than purchasing retail space in DC Metro? For many, it’s a matter of financial flexibility. The capital outlay is less than a down payment, preserving a cash flow for other business needs. Also lease payments for businesses represent tax deductions. Plus, maintenance are generally much lower for non-owners.
There are many factors that come into choosing retail spaces for lease in the Washington metropolitan area, of course. There’s the amount of space needed to comfortably operate in, the cost per square foot, neighborhood, proximity to Metro transit and many other variables. The live work and play models that have become so popular in the region also come into play—positioning a retail space near to both residences and entertainment can add dramatically to customer appeal.
From Alexandria to Arlington and from Bethesda to DC, retail spaces for lease will continue to be a cornerstone element in Washington Metro’s continued growth and evolvement. So choose a community and browse away! To learn more, call District Partners at Compass, 202-798-3600.