Auburn, Alabama, is a historic college town that offers a unique blend of small-town charm and big-city amenities, making it an ideal location for retail space for lease. With a population of around 70,000, Auburn provides a diverse customer base for businesses, thanks to the presence of Auburn University, which attracts students, faculty, and staff from all over the world. The city's economy is driven by education, sports, and industry, with major employers like Auburn University, Briggs & Stratton, and Pharmavite. Additionally, Auburn's convenient transportation options, including the Auburn University Regional Airport and proximity to major highways, make it an attractive location for businesses that need to transport goods or people. The city's vibrant arts and culture scene, numerous recreational opportunities, and convenient transportation options also make it a great place for business and travel, with attractions like the Jule Collins Smith Museum of Fine Art, the Telfair Peet Theatre, and Chewacla State Park.
With 12 retail spaces for lease available, Auburn offers a range of options for businesses looking to establish a presence in the city. These retail spaces range in size from 1,200 square feet to 8,383 square feet, with an average annual rent of $27 USD per square foot. In addition to retail spaces, Auburn also offers a range of other property types, including restaurants, medical offices, and office spaces. For example, restaurants can take advantage of the city's thriving food scene, while medical offices can benefit from the presence of Auburn University's medical programs. Office spaces, meanwhile, can tap into the city's growing industrial sector, which includes companies like Uniroyal Technology Corporation. Overall, Auburn's unique blend of small-town charm and big-city amenities makes it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Auburn?
The average cost per square foot for retail space in Auburn is $27 USD per square foot, with an average size of 2,821 square feet and a maximum space size of 8,383 square feet, making it an attractive option for businesses looking to establish a presence in this charming college town.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or supermarkets, can significantly impact surrounding retail space leases in Auburn, Alabama, as they attract a high volume of foot traffic and create a draw for other businesses, leading to increased demand and potentially higher lease rates for nearby retail spaces, with 12 available listings, averaging $27 USD per square foot, and ranging in size from 2,821 square feet to 8,383 square feet.
