Livonia, Michigan, a city with a rich history and diverse demographics, is an ideal location for Retail Space For Lease. With a population of around 100,000, Livonia offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for businesses and travelers alike. The city's strong educational institutions, including Livonia Public Schools, Madonna University, and Schoolcraft College, provide a skilled workforce, while major employers like Ford Motor Company and Trinity Health contribute to the local economy. Additionally, Livonia's cultural amenities, such as the Livonia Public Library, and recreational areas like Hines Drive, make it an excellent place to live, work, and visit. With its convenient location, approximately 20 miles northwest of downtown Detroit, Livonia is an ideal spot for Retail Space, offering easy access to major transportation routes and a thriving local economy.
With 95 Retail Space listings available, Livonia offers a range of options for businesses looking to establish a presence in the area. The average annual rent per square foot is $16 USD, with spaces ranging in size from 706 square feet to 66,084 square feet. In addition to Retail Space, Livonia also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. For example, Restaurants in Livonia can capitalize on the city's strong local economy and diverse demographics, while Medical Offices can benefit from the presence of major healthcare employers like St. Mary Mercy Hospital. Office Space in Livonia, meanwhile, can take advantage of the city's convenient location and access to major transportation routes. Overall, Livonia's diverse range of property types and strong local economy make it an attractive destination for businesses of all kinds.
What is the average cost per square foot for retail space in Livonia?
The average cost per square foot for retail space in Livonia is $16 USD per square foot, with 95 available listings ranging in size from 5,680 square feet to 66,084 square feet.
How do anchor tenants affect surrounding retail space leases?
In Livonia, where there are currently 95 retail space listings available, anchor tenants can significantly impact 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 negotiations, with average annual rent per square foot sitting at $16 USD and average space sizes ranging from 5,680 square feet to 66,084 square feet.
