Why Lease Retail Space in Alexandria, VA?
Looking for retail space for lease Alexandria VA? You’ve come to the right place. Alexandria, VA, offers a range of leasing opportunities for all types of businesses. Whether you're a boutique owner, a franchisee, or a restaurant entrepreneur, the vibrant and historic city of Alexandria has something to offer.
Here's a quick overview of available retail spaces in Alexandria, VA:
- 6499 Little River Tpke: 1 Space, 2,801 SF, Retail
- 4600 King Street: 1 Space, 2,095 SF, Retail
- 33 S. Pickett Street: 2 Spaces, 7,200 SF, Retail
- 2050 Ballenger Ave: 1 Space, 2,000 SF, Retail
Brexton Commercial is here to guide you through Alexandria’s commercial real estate landscape. Our expertise will help you find the perfect location to suit your business needs.
Why Choose Alexandria, VA for Your Retail Space?
When it comes to finding the perfect retail space for lease in Alexandria, VA, the city has a lot to offer. Here's why Alexandria stands out:
Vibrant Community
Alexandria boasts a lively and engaged community. With busy neighborhoods like Old Town Alexandria, the area is known for its charming streets, historic architecture, and a strong sense of community. Events like the annual Alexandria Film Festival and "First Night Alexandria" draw locals and tourists alike, ensuring a steady flow of potential customers for your business.
Strategic Location
Situated just a few miles from Washington, D.C., Alexandria offers a prime location for businesses looking to tap into both local and metropolitan markets. The city's proximity to major highways, including I-395 and Route 1, makes it easily accessible for residents and visitors. Additionally, Alexandria is well-served by public transportation, including the Metro and various bus routes, making it convenient for customers to reach your retail space.
Economic Growth
Alexandria is experiencing significant economic growth, which bodes well for businesses. The city's diverse economy includes sectors like technology, government, and healthcare, providing a stable economic environment. According to recent statistics, Alexandria's unemployment rate is consistently lower than the national average, indicating a robust job market and a community with disposable income to spend.
Diverse Customer Base
One of the biggest advantages of leasing retail space in Alexandria is the diverse customer base. The city attracts a mix of young professionals, families, and tourists. Areas like King Street in Old Town are frequented by both locals and visitors, offering a wide range of potential customers for your business. This diversity ensures that your retail space can cater to various demographics, increasing your chances of success.
Whether you are a small business owner or a large retailer, Alexandria offers a unique blend of community spirit, strategic location, economic stability, and a diverse customer base. These factors make it an ideal place to set up shop and thrive.
Types of Retail Spaces Available in Alexandria, VA
When looking for retail space for lease in Alexandria, VA, you'll find a variety of options to suit your business needs. From cozy shops to expansive commercial properties, Alexandria has it all.
Small Retail Spaces
Small retail spaces are perfect for boutique shops, cafes, or specialty stores. For instance, 6499 Little River Tpke offers a 2,801 SF retail space, ideal for a small business looking for a prime location in Lincolnia. These spaces often come with lower lease rates, making them more affordable for startups or small businesses.
Large Commercial Properties
If you need more room, larger commercial properties are also available. 6400-6500 Landsdowne Centre Drive in Franconia, for example, has a massive 88,468 SF space. These properties are suitable for big-box retailers, supermarkets, or even multi-department stores.
Historic Buildings
For those who value character and history, Alexandria offers retail spaces in historic buildings. 421 King Street in Old Town Alexandria is one such property. Built in 1968, it offers 39,531 SF across 16 available spaces. These buildings provide a unique charm that can attract tourists and locals alike.
Modern Developments
Modern developments are also plentiful. 4600 King Street in Alexandria West, built in 2019, offers a contemporary retail space of 2,095 SF. These newer buildings often come with modern amenities, making them attractive for tech-savvy businesses and those who prefer a sleek, up-to-date environment.
Whether you need a small, cozy shop or a large, modern space, Alexandria has a variety of retail options to meet your needs. Each type of space offers its own set of advantages, helping you find the perfect fit for your business.
Top Locations for Retail Space in Alexandria, VA
When searching for retail space for lease in Alexandria, VA, location is key. Here are some top spots to consider:
King Street, Old Town Alexandria
King Street is the heart of Old Town Alexandria. This historic area is busy with tourists and locals alike. With its charming cobblestone streets and waterfront views, it’s a prime location for retail businesses. Properties like 615-621 King Street offer spaces up to 7,236 SF with lease rates around $65.00/SF/YR, making it a premium but valuable spot.
Eisenhower East
Eisenhower East is a rapidly developing area known for its modern infrastructure. Properties like 2111 Eisenhower Avenue offer multiple spaces totaling 12,997 SF. Leasing rates here are more affordable at $18.00/SF/YR, making it a great option for businesses looking to balance cost with amenities.
Landmark - Van Dorn
Landmark - Van Dorn is another excellent choice. This area offers a range of retail spaces, from small shops to larger commercial properties. For instance, 33 S. Pickett Street provides spaces up to 7,200 SF with lease rates between $25.00 and $35.00/SF/YR. It's a versatile location suitable for various types of businesses.
Huntington
Huntington offers both historical charm and modern convenience. Properties like 5834-5918 N Kings Hwy are available, though you’ll need to contact for availability. The area is known for its community feel and accessibility, making it a great place for businesses targeting local customers.
Other Notable Mentions
- Franconia: Check out 6400-6500 Landsdowne Centre Drive for large retail spaces.
- Mount Vernon: 8733 Cooper Road offers smaller spaces, ideal for niche markets.
- Hayfield: 7550 Telegraph Road has larger spaces available, perfect for expanding businesses.
Each of these locations in Alexandria, VA, offers unique benefits. Whether you’re looking for historic charm or modern amenities, you’ll find a spot that fits your business needs.
Next, we'll guide you on how to find the best retail space for lease in Alexandria, VA.
How to Find the Best Retail Space for Lease in Alexandria, VA
Finding the perfect retail space for lease in Alexandria, VA can be a game-changer for your business. Here’s how to do it:
Market Research
Start with understanding the market. Alexandria's retail spaces vary significantly in terms of size, location, and price. Knowing what's available and what fits your business model is crucial. For example, King Street in Old Town Alexandria offers historic charm, while Eisenhower East provides modern amenities.
Property Listings
Look at detailed property listings to get a sense of what's on the market. Websites like Brexton Commercial Real Estate provide comprehensive listings. For instance, you can find properties like:
- 2111 Eisenhower Avenue: Office space with 12,997 SF available for $18.00/SF/YR.
- 4600 King Street: Retail space with 2,095 SF available, built in 2019.
- 33 S. Pickett Street: Retail space with 7,200 SF available for $25.00 - $35.00/SF/YR.
These listings give you a snapshot of availability and pricing, helping you narrow down your options.
Local Real Estate Agents
Engage with local real estate agents who know the Alexandria market inside and out. They can provide insights that you won’t find online. Agents can also help you negotiate lease terms and find hidden gems that fit your specific needs.
Brexton Commercial
Partnering with experts like Brexton Commercial can make the process smoother. Brexton has a deep understanding of the Alexandria market and offers a personalized service to help you achieve your commercial real estate goals. They have a proven track record of successful sales and leases, ensuring that you get the best deal possible.
Brexton offers a range of services, from buying and selling to leasing and advisory. Their team works closely with clients to understand their needs and provide custom solutions. By leveraging their expertise, you can find the perfect retail space that meets your business requirements.
Next, we'll discuss the cost of leasing retail space in Alexandria, VA.
Cost of Leasing Retail Space in Alexandria, VA
When looking for retail space for lease in Alexandria, VA, understanding the costs involved is crucial. Here's a breakdown of what you can expect:
Average Lease Rates
Lease rates in Alexandria can vary significantly based on location and property type. For instance:
- 615-621 King Street, Old Town: $65.00/SF/YR
- 33 S. Pickett Street, Landmark - Van Dorn: $25.00 - $35.00/SF/YR
- 400 Courthouse Sq, Eisenhower East: $42.00 - $49.00/SF/YR
These rates show the range of prices you might encounter. Old Town Alexandria tends to be more expensive due to its historic charm and high foot traffic.
Factors Affecting Cost
Several factors can influence the cost of leasing retail space:
- Location: Prime locations like Old Town and King Street command higher prices.
- Property Size: Larger spaces generally cost more, but the rate per square foot can decrease with size.
- Building Age and Condition: Newer or recently renovated properties may have higher rates.
- Amenities and Services: Properties offering additional amenities like parking, security, or modern infrastructure can be pricier.
Budget Planning
To plan your budget effectively:
- Assess Your Needs: Determine the space size and location that best suits your business.
- Calculate Total Costs: Multiply the lease rate by the square footage to get the annual cost. Don’t forget to include additional costs like utilities, maintenance, and taxes.
- Consider Flexibility: Some properties, like 33 S. Pickett Street, offer a range of rates ($25.00 - $35.00/SF/YR), allowing flexibility based on your budget.
- Plan for Growth: Choose a space that can accommodate your business growth without requiring immediate relocation.
By understanding these costs and planning accordingly, you can find a retail space that fits your budget and business needs.
Next, we'll answer some frequently asked questions about leasing retail space in Alexandria, VA.
Frequently Asked Questions about Retail Space for Lease in Alexandria, VA
What are the average lease rates for retail space in Alexandria, VA?
Lease rates in Alexandria, VA, vary depending on the location and type of property. For example, 615-621 King Street in Old Town Alexandria has retail spaces available for $65.00/SF/YR. On the other hand, spaces like 33 S. Pickett Street in the Landmark - Van Dorn area offer rates between $25.00 - $35.00/SF/YR.
For more budget-friendly options, you might consider properties like 2111 Eisenhower Avenue in Eisenhower East, where office spaces are available for $18.00/SF/YR. Though primarily office space, some properties may offer mixed-use opportunities.
How can I find affordable retail space in Alexandria, VA?
Finding affordable retail space involves a few key steps:
- Research Listings: Start by reviewing property listings from trusted sources like Brexton Commercial. They offer a variety of options in different price ranges.
- Consider Different Areas: While prime locations like King Street may have higher rates, other areas such as Lincolnia or Huntington might offer more affordable options. For instance, 6499 Little River Tpke in Lincolnia has a space available at 2,801 SF.
- Negotiate Terms: Properties like 400 Courthouse Sq in Eisenhower East offer spaces between $42.00 - $49.00/SF/YR. Negotiating lease terms can sometimes result in more favorable rates.
- Use a Real Estate Agent: A local expert, like those at Brexton Commercial, can help you steer the market and find the best deals.
What are the benefits of leasing retail space in Old Town Alexandria?
Leasing retail space in Old Town Alexandria offers several advantages:
- Historic Charm: Properties like 421 King Street and 515 King Street provide a unique, historic ambiance that attracts both locals and tourists.
- High Foot Traffic: Old Town is a busy area with a steady stream of visitors, making it ideal for retail businesses looking to maximize visibility and customer engagement.
- Vibrant Community: The area is known for its vibrant community and diverse customer base, which can be beneficial for businesses of all types.
- Proximity to Other Businesses: Being near other successful businesses can create a synergistic effect, drawing more customers to your store.
By choosing a retail space in Old Town Alexandria, you can benefit from these unique features and position your business for success.
Next, we will conclude by discussing how Brexton Commercial can help you find the perfect retail space and provide personalized service to meet your commercial real estate needs.
Conclusion
At Brexton Commercial, we understand that finding the perfect retail space for lease in Alexandria, VA can be a daunting task. That's why we're here to help every step of the way. Our team has deep expertise in the Alexandria commercial real estate market and is committed to providing personalized service custom to your unique needs.
We pride ourselves on our ability to offer investment advisory services that go beyond just finding a space. We analyze your business goals, budget, and target market to ensure you make a sound investment. Whether you're looking for a small boutique in Old Town or a larger retail property in Eisenhower East, we can guide you through the process.
Our approach is simple but effective:
- Comprehensive Market Research: We use the latest tools and data to provide you with the most up-to-date market insights.
- Personalized Service: We take the time to understand your business and tailor our services to meet your specific needs.
- Expert Negotiation: Our experienced agents will negotiate the best lease terms on your behalf.
By choosing Brexton Commercial, you're not just getting a real estate agent; you're gaining a partner dedicated to your success.
Ready to find your perfect retail space for lease in Alexandria, VA? Contact us today and let our experts assist you in achieving your commercial real estate goals.
For more detailed information on our services and how we can help, visit our Alexandria page.
