Fort Smith, Arkansas, is a prime location for businesses looking to establish a strong presence in the region. With a population of around 90,000, the city offers a diverse range of opportunities for retailers. The Retail Space For Lease in Fort Smith is an attractive option for businesses, with its proximity to major highways, airports, and transportation facilities. The city's economy is driven by its manufacturing and corporate industries, with major companies like Rheem, Trane, and Georgia-Pacific operating in the area. Additionally, Fort Smith is home to several institutions, including the University of Arkansas at Fort Smith and the Arkansas College of Osteopathic Medicine, which contribute to the city's cultural and educational landscape. The city's vibrant arts scene, with events like the Peacemaker Music Fest and the Unexpected Urban Contemporary Art Festival, also makes it an attractive location for businesses.
The Retail Space For Lease in Fort Smith offers a range of benefits for businesses, including access to a skilled workforce, modern infrastructure, and a strong transportation network. With 12 listings available, businesses can choose from a variety of options to suit their needs. The average annual rent for Retail Space in Fort Smith is $15 USD per square foot, with sizes ranging from 624 square feet to 26,265 square feet. In addition to Retail Space, Fort Smith also offers a range of other property types, including Restaurants, Medical Offices, and Office Space. For example, the city's Medical Offices are well-equipped to serve the healthcare needs of the community, with major hospitals like Mercy Hospital Fort Smith and Baptist Health-Fort Smith. Meanwhile, the Office Space in Fort Smith is ideal for businesses looking to establish a professional presence in the city. Overall, Fort Smith offers a unique blend of economic, cultural, and educational opportunities that make it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Fort Smith?
In Fort Smith, the average annual rent per square foot for retail space is $15 USD, with an average size of 5,237 square feet and a maximum space size of 26,265 square feet, providing a range of options for businesses looking to lease retail space in this city of around 90,000 people.
How do anchor tenants affect surrounding retail space leases?
In Fort Smith, Arkansas, anchor tenants, such as large department stores or grocery stores, 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 lower vacancy rate, with currently 12 available listings of retail space for lease, averaging $15 USD per square foot and 5,237 square feet in size, with a maximum space size of 26,265 square feet.
