Chico, California, is an attractive location for businesses looking to establish a presence in the Sacramento Valley region of Northern California. With a population of around 90,000, Chico offers a unique blend of small-town charm and college-town energy, thanks to California State University, Chico. The city's retail spaces for lease are an excellent opportunity for entrepreneurs and businesses to tap into the local economy, which is driven by educational, health, and social services, retail trade, and arts, entertainment, recreation, accommodation, and food services. Chico's amenities, including Bidwell Park, Enloe Medical Center, and the Silver Dollar Fairgrounds, make it an attractive location for businesses and residents alike. The city's infrastructure, including the Chico station for Amtrak services, the B-Line operated by Butte Regional Transit, and the Chico Municipal Code, provides a solid foundation for businesses to operate and thrive.
With 20 retail spaces for lease available, Chico offers a range of options for businesses looking to establish a presence in the area. The average annual rent per square foot is $31 USD, with a minimum of $1 USD and a maximum of $50 USD. The average size of retail spaces for lease is 6,890 square feet, with a minimum of 614 square feet and a maximum of 84,105 square feet. In addition to retail spaces, Chico also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants can benefit from the city's thriving food scene, while medical offices can tap into the local healthcare industry. Office spaces, meanwhile, can take advantage of the city's growing business sector. Overall, Chico's retail spaces for lease offer a unique opportunity for businesses to establish a presence in a vibrant and growing community.
What is the average cost per square foot for retail space in Chico?
The average cost per square foot for retail space in Chico is $31 USD per square foot, with 20 available listings ranging in size from 6,890 square feet to 84,105 square feet.
How do anchor tenants affect surrounding retail space leases?
In Chico, California, anchor tenants, such as large retailers or restaurants, can have a significant impact on surrounding retail space leases, 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 20 available listings, averaging $31 USD per square foot, and ranging in size from 6,890 square feet to 84,105 square feet.
