Newport Beach, a coastal city in southern Orange County, California, is an ideal location for Retail Space For Lease, offering a unique blend of natural beauty, recreational activities, and economic opportunities. With its rich history, cultural amenities, and attractions like Fashion Island, Balboa Island, and the historic Balboa Pavilion, Newport Beach is a prime destination for businesses and tourists alike. The city's infrastructure, including the Newport Beach Fire Department, Lifeguard Headquarters, and marine division, ensures a safe and secure environment for residents and visitors. Additionally, the presence of major corporations like Pacific Life, PIMCO, and Acacia Research Corporation contributes to the city's thriving economy.
With 66 Retail Space For Lease available, Newport Beach offers a range of opportunities for businesses to establish themselves in this desirable location. The average annual rent per square foot for Retail Space in Newport Beach is $54 USD, with sizes ranging from 200 square feet to 17,608 square feet. In addition to Retail Space, Newport Beach also offers Restaurants, Medical Offices, and Office Space For Lease, providing a diverse range of options for businesses. The city's unique blend of natural beauty, recreational activities, and economic opportunities makes it an attractive location for businesses and investors alike.
What is the average cost per square foot for retail space in Newport Beach?
The average cost per square foot for retail space in Newport Beach is $54 USD per square foot, with an average size of 3,249 square feet and a maximum space size of 17,608 square feet, among the 66 available listings of retail space.
How do anchor tenants affect surrounding retail space leases?
In Newport Beach, where there are currently 66 available listings of retail space, anchor tenants play a significant role in shaping the surrounding retail landscape, as they attract a steady flow of customers and create a hub of activity, which can increase foot traffic and drive up demand for nearby retail spaces, ultimately influencing lease rates and terms, with average annual rent per square foot hovering around $54 USD and average space sizes ranging from 3,249 square feet to 17,608 square feet.
