Bloomington, Illinois, is a hub for retail activity, with a diverse range of businesses and attractions that make it an ideal location for Retail Space For Lease. With a population of around 80,000, Bloomington offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for shoppers and entrepreneurs alike. The city's strong infrastructure, including Interstate 55, Interstate 74, and U.S. Route 51, ensures easy access to major markets and transportation hubs. Additionally, the presence of major employers like State Farm Insurance and Country Financial contributes to a thriving local economy. The city's rich history, cultural attractions, and educational institutions, such as Illinois Wesleyan University, also make it an attractive location for businesses and residents alike.
With 14 Retail Space For Lease available, Bloomington offers a wide range of options for businesses looking to establish a presence in the area. The average annual rent per square foot for Retail Space in Bloomington is $15 USD, with options ranging from 500 square feet to 30,200 square feet. In addition to Retail Space, Bloomington also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. For example, Restaurants in Bloomington benefit from the city's vibrant downtown area and proximity to Illinois Wesleyan University, while Medical Offices are drawn to the city's strong healthcare infrastructure. Office Space, meanwhile, is attracted to the city's central location and access to major transportation hubs. Overall, Bloomington's diverse range of property types and amenities make it an attractive destination for businesses of all kinds.
What is the average cost per square foot for retail space in Bloomington?
The average cost per square foot for retail space in Bloomington is $15 USD per square foot, with an average size of 4,513 square feet and a maximum space size of 30,200 square feet available among the 14 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as major retailers or restaurants, can significantly impact surrounding retail space leases in Bloomington, Illinois, as they attract foot traffic and create a draw for customers, making nearby retail spaces more desirable and potentially increasing lease rates, with currently 14 available listings of retail space, averaging $15 USD per square foot, and ranging in size from 4,513 square feet to 30,200 square feet.
