There are a number of great locations for North Andover retail space for lease right now. Main Street in Downtown North Andover currently has commercial retail space available on Main Street and the First & Main shopping center. Osgood Street near Butcher Boy has a number of different spaces that can be utilized for spa, medical or clothing boutiques. Turnpike Street offers a prime location with established anchor tenants at the Eaglewood Shops along RT 114. Contact us for any additional details regarding commercial retail space in North Andover, retail space availability in North Andover and/or if you may be in the market to purchase a North Andover retail space for lease for long term investment.
North Andover retail space for lease
- Main Street : 700 – 2500 – 5000 square feet starting at $18 PPSF with varying terms
- Osgood Street : 2000 – 9000 square feet starting at $18 PPSF with varying terms
- Turnpike Street : 2800 square feet PPSF upon request
A Lease in Retail means a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment. A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid.
Retail design is a very specialized discipline due to the heavy demands placed on retail space. Because the primary purpose of retail space is to stock and sell product to consumers, the spaces must be designed in a way that promotes an enjoyable and hassle-free shopping experience for the consumer. For example, research shows that male and female shoppers who were accidentally touched from behind by other shoppers left a store earlier than people who had not been touched and evaluated brands more negatively. The space must be specially-tailored to the kind of product being sold in that space; for example, a bookstore requires many large shelving units to accommodate small products that can be arranged categorically while a clothing store requires more open space to fully display product.