Farmington Hills, a city in Oakland County, Michigan, is an attractive location for businesses looking to establish a presence in the area. With its strong economy, diverse industries, and highly educated population of around 83,986 residents, Retail Space for Lease in Farmington Hills is a great investment opportunity. The city's infrastructure, including the Suburban Mobility Authority for Regional Transportation (SMART) and major thoroughfares like M-5, Orchard Lake Road, and I-696, makes it easily accessible to customers and employees. Additionally, the presence of major companies like Nissan, Hitachi Automotive Systems Americas, Inc., and Mercedes-Benz Financial Services, as well as institutions like Oakland Community College and Wayne State University, contributes to the city's thriving business environment. With attractions like the Holocaust Memorial Center, Heritage Park, and Riley Skate Park, Farmington Hills is a great place for business and travel.
With 23 Retail Space listings available for lease, Farmington Hills offers a range of options for businesses looking to establish a presence in the area. The average annual rent per square foot is $17 USD, with spaces ranging in size from 900 square feet to 40,570 square feet. In addition to Retail Space, Farmington Hills also offers Restaurants, Medical Offices, and Office Space for lease, providing a diverse range of options for businesses. The city's strong economy, highly educated population, and excellent infrastructure make it an attractive location for businesses looking to establish a presence in the area. With its many amenities, attractions, and business opportunities, Farmington Hills is a great place to invest in Retail Space for Lease.
What is the average cost per square foot for retail space in Farmington Hills?
In Farmington Hills, the average annual rent per square foot for retail space is $17 USD.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as major department stores or grocery chains, can have a significant impact on surrounding retail space leases in Farmington Hills, as they 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 23 available listings of retail space for lease, averaging $17 USD per square foot, and ranging in size from 5,950 square feet to 40,570 square feet.
