Milpitas, California, a city in the heart of Silicon Valley, offers a unique blend of retail, technology, and commercial industries, making it an ideal location for Retail Space For Lease. With a population of around 70,000, Milpitas provides a diverse and thriving community that supports businesses of all sizes. The city's strategic location, with easy access to major highways and public transportation, makes it an attractive option for retailers looking to establish a presence in the area. Additionally, Milpitas is home to several major corporations, including the Simon Property Group, which operates the Great Mall of the Bay Area, and McCarthy Ranch Marketplace, the first and largest power center in Santa Clara County. The city's vibrant arts scene, with various visual and performing arts opportunities, also contributes to its appeal as a great place for business and travel.
Milpitas offers a range of Retail Space For Lease options, with 29 listings available. These spaces range in size from 591 square feet to 43,485 square feet, with an average annual rent of $38 USD per square foot. In addition to Retail Space, Milpitas also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants in Milpitas can take advantage of the city's busy commercial areas, while Medical Offices can benefit from the city's proximity to major hospitals and medical centers. Office Space in Milpitas is also in high demand, with many tech companies and startups calling the city home. Overall, Milpitas provides a unique and dynamic environment that supports businesses of all types and sizes.
What is the average cost per square foot for retail space in Milpitas?
In Milpitas, the average annual rent per square foot for retail space is $38 USD, with available listings totaling 29 and average space sizes ranging from 4,411 square feet to 43,485 square feet.
How do anchor tenants affect surrounding retail space leases?
In Milpitas, where there are currently 29 available listings of retail space, anchor tenants play a significant role in shaping the surrounding retail landscape, 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 $38 USD and average space size at 4,411 square feet, with maximum space size available at 43,485 square feet.
