Bloomington, Minnesota, with its population of nearly 90,000 residents, is an ideal location for businesses looking to establish a strong presence in the region. The city's extensive park system, including Hyland Lake Park Reserve and the Minnesota Valley National Wildlife Refuge, provides a unique blend of natural beauty and commercial opportunities. With the Mall of America and the headquarters of several prominent companies, such as Ceridian, Donaldson Company, and HealthPartners, Bloomington is a major commercial hub. The city's economy is robust, with over 100,000 jobs provided by various employers, making it an attractive location for businesses looking to lease retail space. Currently, there are 12 retail spaces for lease in Bloomington, offering a range of options for businesses of all sizes.
Bloomington's retail spaces for lease offer a unique opportunity for businesses to establish themselves in a thriving commercial center. With an average annual rent of $23 USD per square foot, and spaces ranging from 400 square feet to 15,000 square feet, there are options available to suit a variety of business needs. In addition to retail spaces, Bloomington also offers a range of other commercial properties, including restaurants, medical offices, and office spaces. For example, restaurants can take advantage of the city's strong hospitality industry, while medical offices can benefit from the presence of major healthcare providers like HealthPartners. Office spaces, meanwhile, can tap into the city's thriving technology sector, which is home to companies like Seagate Technologies and Express Scripts. With its diverse economy and strong job market, Bloomington is an ideal location for businesses looking to establish a strong presence in the region.
What is the average cost per square foot for retail space in Bloomington?
In Bloomington, the average annual rent per square foot for retail space is $23 USD.
How do anchor tenants affect surrounding retail space leases?
In Bloomington, Minnesota, anchor tenants, such as large department stores or restaurants, can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a desirable shopping environment, which can lead to higher demand and rents for nearby retail spaces, with currently 12 available listings, averaging $23 USD per square foot, and ranging in size from 3,256 square feet to 15,000 square feet.
