Palm Bay, a city in Brevard County, Florida, is an ideal location for Retail Space For Lease, offering a unique blend of amenities, infrastructure, and geography that make it an attractive destination for businesses and travelers alike. With a population of around 120,000, Palm Bay is the most populous city in the county and the largest by land mass, providing a sizable customer base for retail businesses. The city's history dates back to the Ais people, and its significant growth with the arrival of the railroad in 1894 has led to a diverse range of industries, including technology, research and development, medical facilities, retail, and engineering. Notable employers like L3Harris Technologies and Intersil have established a presence in the city, and the focus on developing the riverfront area for tourism is expected to drive further growth.
With 14 Retail Space For Lease available in Palm Bay, businesses can choose from a range of options to suit their needs. The average annual rent per square foot is $20 USD, with sizes ranging from 800 square feet to 12,000 square feet. In addition to Retail Space, Palm Bay also offers Restaurants, Medical Offices, and Office Space For Lease, providing a diverse range of options for businesses. The city's infrastructure, including major roads like U.S. 1, Interstate 95, Babcock Street, Malabar Road, Palm Bay Road, and Minton Road, makes it easily accessible for customers and employees. With its growing arts scene, annual events, and institutions, Palm Bay is an attractive location for businesses looking to establish a presence in a thriving community.
What is the average cost per square foot for retail space in Palm Bay?
In Palm Bay, the average annual rent per square foot for retail space is $20 USD, with available listings totaling 14 and average space sizes ranging from 3,564 square feet to a maximum of 12,000 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large retailers or restaurants, can significantly impact surrounding retail space leases in Palm Bay, Florida, by driving foot traffic and attracting customers to the area, which can increase demand and rental rates for nearby retail spaces, with 14 available listings currently on the market, offering average annual rent of $20 USD per square foot and average space size of 3,564 square feet, with a maximum space size of 12,000 square feet.
