Carmel, Indiana, is a thriving suburban city 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 nearly 100,000, Carmel provides a large and diverse customer base for businesses. The city's extensive network of roundabouts, scenic bike trails, and cultural attractions like the Carmel Monon Community Center, the Monon Trail, and the Arts & Design District create a vibrant and welcoming atmosphere that draws visitors and residents alike. Additionally, Carmel's strong economy, fueled by a concentration of corporate office space and headquarters of major companies like OPENLANE, Allegion, and CNO Financial Group, makes it an attractive location for businesses looking to establish a presence in the area.
With 24 retail spaces for lease available in Carmel, businesses have a range of options to choose from. From small boutiques to large anchor stores, Carmel's retail spaces offer a variety of sizes and locations to suit different business needs. In addition to retail spaces, Carmel 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 vibrant downtown area, while medical offices can benefit from the proximity to major hospitals and healthcare facilities. Office spaces, meanwhile, can tap into the city's thriving corporate sector. With average annual rents ranging from $18 USD to $32 USD per square foot, and spaces ranging in size from 51 to 36,690 square feet, Carmel's retail spaces offer a range of options to suit different business needs and budgets.
What is the average cost per square foot for retail space in Carmel?
The average cost per square foot for retail space in Carmel is $32 USD per square foot, with available listings totaling 24 and average space sizes ranging from 4,463 square feet to a maximum of 36,690 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, can have a significant impact on surrounding retail space leases in Carmel, Indiana, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and a more competitive market, with currently 24 available listings of retail space for lease, averaging $32 USD per square foot, and ranging in size from 4,463 square feet to 36,690 square feet.
