Knoxville, Tennessee, a city with a rich history and cultural significance, offers a unique blend of Appalachian charm and urban amenities, making it an ideal location for businesses to thrive. With a population of around 190,000, Knoxville provides a diverse range of opportunities for entrepreneurs and investors alike. The city's retail spaces, in particular, are a great investment opportunity, with 54 listings available for lease. Knoxville's retail spaces are strategically located, offering easy access to major transportation hubs, including McGhee Tyson Airport and the rail terminals for Norfolk Southern and CSX. The city's economy is driven by a diverse range of industries, including real estate, finance, manufacturing, retail, and technology/research, with major corporations like First Horizon Bank, Truist Financial, and Regions Bank calling Knoxville home.
Knoxville's retail spaces offer a unique opportunity to tap into the city's vibrant cultural scene, with numerous festivals and events throughout the year, including the Dogwood Arts Festival, Rossini Festival, and Kuumba Festival. The city is also home to a thriving arts scene, with institutions like the Knoxville Symphony Orchestra and Knoxville Opera. With average annual rent per square foot at $22 USD, and spaces ranging from 455 square feet to 113,504 square feet, Knoxville's retail spaces offer a flexible and affordable option for businesses of all sizes. Additionally, the city's restaurants, medical offices, and office spaces offer a range of opportunities for entrepreneurs and investors. Whether you're looking to start a new business or expand an existing one, Knoxville's retail spaces are an attractive option, with their unique blend of Appalachian charm and urban amenities.
What is the average cost per square foot for retail space in Knoxville?
The average cost per square foot for retail space in Knoxville is $22 USD per square foot, with 54 available listings ranging in size from 7,718 square feet to 113,504 square feet.
How do anchor tenants affect surrounding retail space leases?
In Knoxville, where there are currently 54 retail space listings available, anchor tenants play a significant role in influencing surrounding retail space leases, as they often attract a high volume of foot traffic and can increase the desirability of nearby spaces, leading to higher lease rates and more competitive terms, with average annual rent per square foot at $22 USD and average space size at 7,718 square feet, up to a maximum of 113,504 square feet.
