New Bedford, Massachusetts, is a city that offers a unique blend of history, culture, and economic opportunities, making it an attractive location for businesses looking to lease retail space. With its rich whaling history, diverse community, and strong fishing industry, New Bedford provides a distinct setting for retailers to thrive. The city's infrastructure, including the New Bedford Regional Airport, Interstate 195, and the Port of New Bedford, ensures easy access to markets and resources. Additionally, the presence of institutions like Fisher College, Bristol Community College, and the University of Massachusetts Dartmouth provides a skilled workforce and a strong customer base. The city's many amenities, such as the New Bedford Whaling National Historical Park, Buttonwood Park Zoo, and the Zeiterion Theatre, also contribute to its appeal as a retail destination.
With 13 retail spaces available for lease, New Bedford offers a range of options for businesses looking to establish a presence in the city. From small boutiques to large commercial spaces, there are opportunities to suit various needs and budgets. Nearby, restaurants, medical offices, and office spaces are also available, providing a diverse range of options for businesses looking to locate in the area. For example, restaurants can be found in the Downtown area, while medical offices are concentrated in the North End. Office spaces, on the other hand, are scattered throughout the city, offering flexibility and convenience. With its unique blend of history, culture, and economic opportunities, New Bedford is an attractive location for businesses looking to lease retail space and establish a strong presence in the region.
What is the average cost per square foot for retail space in New Bedford?
The average cost per square foot for retail space in New Bedford is $18 USD per square foot, with 13 available listings ranging in size from 7,456 square feet to 60,000 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or supermarkets, can significantly impact surrounding retail space leases in New Bedford, Massachusetts, by attracting foot traffic and increasing visibility, which can lead to higher demand and rents for nearby retail spaces, with currently 13 available listings, averaging $18 USD per square foot, and ranging in size from 7,456 square feet to 60,000 square feet.
