Duluth, Minnesota, is a prime location for Retail Space, offering a unique blend of natural beauty, economic growth, and cultural attractions. With a population of around 90,000, Duluth provides an ideal setting for businesses to thrive. The city's strategic location on Lake Superior, coupled with its extensive infrastructure, including the Lakewood Water Treatment Plant, Duluth Fire Department, and Minnesota Power, makes it an attractive destination for entrepreneurs and investors. Additionally, Duluth is home to several major corporations, such as Cirrus Aircraft, TKDA, and Barr Engineering, which contribute to the city's diverse economic landscape. The city's topography, featuring a steep hillside rising from Lake Superior, offers a unique resemblance to San Francisco, making it an attractive location for businesses and tourists alike.
With 10 Retail Space listings available for lease, Duluth offers a wide range of options for businesses looking to establish a presence in the city. The average annual rent per square foot is $16 USD, with spaces ranging from 990 square feet to 12,900 square feet. In addition to Retail Space, Duluth also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants can thrive in Duluth's vibrant downtown area, while Medical Offices can take advantage of the city's growing healthcare industry. Office Space is also in high demand, with many businesses seeking to establish a presence in the city's thriving business district. Overall, Duluth's unique blend of natural beauty, economic growth, and cultural attractions makes it an ideal location for businesses of all types.
What is the average cost per square foot for retail space in Duluth?
The average cost per square foot for retail space in Duluth is $16 USD per square foot, with an average size of 3,835 square feet and a maximum space size of 12,900 square feet available among the 10 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
In Duluth, Minnesota, anchor tenants, such as major department stores or supermarkets, have a significant impact on surrounding retail space leases, as they attract a high volume of foot traffic, increasing the desirability and value of nearby retail spaces, which can lead to higher lease rates and a more competitive market, with 10 available listings, averaging $16 USD per square foot, and ranging in size from 3,835 square feet to 12,900 square feet.
