Lynchburg, Virginia, a city rich in history and natural beauty, offers a unique blend of amenities and infrastructure that make it an attractive location for businesses, particularly Retail Space For Lease. With a population of approximately 80,000, Lynchburg provides a diverse customer base, supported by institutions of higher education like Liberty University and Randolph College. The city's economy is strengthened by industries such as nuclear technology, pharmaceuticals, and material handling, with major corporations like General Electric and Babcock & Wilcox calling Lynchburg home. Additionally, the city's cultural attractions, including the Lynchburg Symphony Orchestra, Academy of Fine Arts, and Opera on the James, make it a vibrant hub for arts and entertainment in the region.
With 18 Retail Space For Lease available, Lynchburg offers a range of options for businesses looking to establish a presence in the city. Nearby, you'll find a variety of amenities, including the James River Heritage Trail, Old City Cemetery Museums & Arboretum, and the Old Court House. Restaurants, Medical Offices, and Office Space are also available in the area, offering a diverse range of options for businesses. For example, Restaurants can be found in the heart of downtown Lynchburg, while Medical Offices are often located near major hospitals and healthcare facilities. Office Space, on the other hand, can be found in a variety of locations, from downtown high-rises to suburban office parks. With average annual rents ranging from $10 USD to $16 USD per square foot, and spaces ranging in size from 1 to 30,000 square feet, there's a Retail Space For Lease in Lynchburg to suit every business need.
What is the average cost per square foot for retail space in Lynchburg?
The average cost per square foot for retail space in Lynchburg is $16 USD per square foot, with available listings totaling 18 and average space sizes ranging from 6,273 square feet to a maximum of 30,000 square feet.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant's presence in a retail space can significantly impact surrounding leases, as they often 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, as seen in Lynchburg where there are currently 18 available listings of retail space, with an average annual rent of $16 USD per square foot and an average size of 6,273 square feet, with a maximum space size of 30,000 square feet.
