Lawrence, Massachusetts, is a city that offers a unique blend of history, industry, and culture, making it an ideal location for retail space for lease. With a population of around 90,000, Lawrence provides a diverse customer base for businesses. The city's rich history as a former textile center has led to the development of a strong manufacturing industry, producing electronic equipment, textiles, footwear, paper products, computers, and foodstuffs. Additionally, Lawrence is home to several major institutions, including Lawrence General Hospital, Northern Essex Community College, and Cambridge College, which contribute to the city's economic vitality. The city's infrastructure, including its own police and fire departments, public works, and trash pickup departments, ensures a safe and convenient environment for businesses to thrive.
Lawrence offers a range of retail space options, with 11 listings available for lease. These spaces range in size from 1,000 square feet to 18,000 square feet, with an average annual rent of $26 USD per square foot. In addition to retail space, Lawrence also offers a variety of other property types, including restaurants, medical offices, and office space. Restaurants in Lawrence can take advantage of the city's diverse population and proximity to major transportation facilities, including Interstate 495 and the Senator Patricia McGovern Transportation Center. Medical offices can benefit from the presence of Lawrence General Hospital and the Greater Lawrence Family Health Center. Office space in Lawrence can tap into the city's strong manufacturing industry and educational institutions. Overall, Lawrence provides a unique combination of history, industry, and culture, making it an attractive location for businesses looking to establish a presence in the region.
What is the average cost per square foot for retail space in Lawrence?
The average cost per square foot for retail space in Lawrence is $26 USD per square foot, with an average size of 3,021 square feet and a maximum space size of 18,000 square feet, among the 11 available listings of retail space.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as supermarkets, department stores, or restaurants, can significantly impact surrounding retail space leases in Lawrence, Massachusetts, as they attract a high volume of foot traffic, increasing visibility and desirability for nearby retailers, which can lead to higher lease rates and a more competitive market, with 11 available listings of retail space, averaging $26 USD per square foot, and ranging in size from 3,021 square feet to 18,000 square feet.
