Odesssa, Texas, is a city that offers a unique blend of small-town charm and big-city amenities, making it an ideal location for businesses looking to establish a strong presence in the region. With a population of around 120,000, Odessa provides a sizable customer base for retailers, and its strategic location above the Permian Basin, a significant sedimentary deposit known for its oil and natural gas reserves, has driven rapid economic growth in recent years. The city's infrastructure is well-equipped to support businesses, with key components including the Ector County Library, Murry H. Fly Learning Resource Center, and The J. Conrad Dunagan Library, as well as major transportation facilities like Midland International Air and Space Port and Odessa-Schlemeyer Field. Odessa is also home to several major employers, including oilfield supply companies and petrochemical processing companies, and is known for its connection to the Bush family and its portrayal in the book and movie "Friday Night Lights." With 23 retail spaces for lease, Odessa offers a range of opportunities for businesses looking to establish a presence in this thriving city.
Odesssa's retail spaces for lease offer a unique opportunity for businesses to tap into the city's growing economy. With average annual rent per square foot of $22 USD and average size of 7,619 square feet, these spaces are ideal for businesses looking to establish a strong presence in the region. In addition to retail spaces, Odessa also offers a range of other property types, including restaurants, medical offices, and office spaces. For example, restaurants in Odessa can take advantage of the city's growing food scene, while medical offices can tap into the city's large healthcare industry. Office spaces, meanwhile, can benefit from the city's strong economy and highly educated workforce. With its unique blend of small-town charm and big-city amenities, Odessa is an ideal location for businesses looking to establish a strong presence in the region.
What is the average cost per square foot for retail space in Odessa?
The average cost per square foot for retail space in Odessa is $22 USD per square foot, with 23 available listings ranging in size from 7,619 square feet to 33,750 square feet.
How do anchor tenants affect surrounding retail space leases?
In Odessa, where there are currently 23 available listings of retail space for lease, anchor tenants play a significant role in influencing the surrounding retail space leases, as they attract a large customer base and create a hub of activity, which can increase foot traffic and drive demand for nearby retail spaces, ultimately affecting lease rates and terms, with average annual rent per square foot at $22 USD and average space size at 7,619 square feet, and maximum space size at 33,750 square feet.
