Provo, Utah, is a hub for retail activity, making it an ideal location for Retail Space For Lease. With its strong focus on technology development and a growing economy, Provo offers a unique blend of cultural events, outdoor activities, and a thriving business landscape. The city is home to Brigham Young University (BYU) and the largest Missionary Training Center of the Church of Jesus Christ of Latter-day Saints, attracting a diverse range of individuals and businesses. Provo's infrastructure, including Interstate 15, US-89, US-189, and the Provo Municipal Airport, provides easy access to surrounding cities and amenities like the Provo Recreation Center, Peaks Ice Arena, and Utah Lake. The city's geography, surrounded by the Wasatch Range, also offers opportunities for outdoor activities like hiking, skiing, and fishing.
With 19 Retail Space For Lease available, Provo offers a range of options for businesses looking to establish a presence in the area. The average annual rent per square foot is $28 USD, with sizes ranging from 550 square feet to 60,000 square feet. In addition to Retail Space, Provo also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants can thrive in Provo's vibrant downtown area, which features a mix of local eateries and national chains. Medical Offices can benefit from the city's strong healthcare industry, with several major medical centers and hospitals in the area. Office Space is also in high demand, with many startups and established companies calling Provo home. Overall, Provo's unique blend of culture, outdoor activities, and business opportunities make it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Provo?
As of now, there are 19 available listings of retail space in Provo, with an average annual rent of $28 USD per square foot, and an average size of 5,728 square feet, making it an attractive option for businesses looking to establish a presence in this growing city.
How do anchor tenants affect surrounding retail space leases?
In Provo, Utah, anchor tenants, such as department stores or supermarkets, can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a desirable location for smaller retailers, ultimately influencing lease rates and terms, with currently 19 available listings of retail space for lease, averaging $28 USD per square foot and ranging in size from 5,728 square feet to 60,000 square feet.
