New Rochelle, a city situated at the southeastern point of continental New York State, along the Long Island Sound, offers a unique blend of amenities, infrastructure, and location that makes it an attractive destination for businesses and individuals alike. With a total area of 13.2 square miles and a roughly triangular shape, the city is bordered by Pelham, Pelham Manor, and Eastchester to the west, Scarsdale to the north and east, and Mamaroneck and Larchmont to the east. The city's proximity to New York City, approximately 2 miles north of the border, makes it an ideal location for those seeking to establish a Retail Space For Lease. New Rochelle is home to a diverse range of industries, including healthcare, transportation, and entertainment, with notable corporations such as Montefiore New Rochelle Hospital, Metro North, and Amtrak. The city's entertainment complex, New Roc City, features various restaurants and entertainment venues, drawing both locals and visitors to the area. With its strong educational institutions, including Iona College and The College of New Rochelle, and its numerous parks and sports facilities, New Rochelle offers a unique quality of life that makes it an attractive destination for businesses and individuals alike.
New Rochelle's Retail Space For Lease market offers a range of opportunities, with 20 available listings. The average annual rent per square foot is $41 USD, with spaces ranging in size from 500 square feet to 198,000 square feet. In addition to Retail Space, New Rochelle also offers a range of other property types, including Restaurants, with their unique dining options and entertainment activities, Medical Offices, with their state-of-the-art facilities, and Office Space, with their modern amenities and convenient locations. With its diverse range of industries, strong educational institutions, and numerous parks and sports facilities, New Rochelle is an attractive destination for businesses and individuals alike, making it an ideal location for establishing a Retail Space For Lease.
What is the average cost per square foot for retail space in New Rochelle?
The average cost per square foot for retail space in New Rochelle is $41 USD per square foot, with 20 available listings ranging in size from 19,666 square feet to 198,000 square feet.
How do anchor tenants affect surrounding retail space leases?
In New Rochelle, where there are currently 20 retail space listings available, anchor tenants play a significant role in shaping the surrounding retail landscape, as they often attract a steady stream of customers and create a hub of activity, which can increase foot traffic and drive up demand for nearby retail spaces, ultimately influencing lease terms and rental rates, with average annual rent per square foot hovering around $41 USD and average space sizes ranging from 19,666 square feet to 198,000 square feet.
