Reno, Nevada, known as "The Biggest Little City in the World," is an ideal location for Retail Space For Lease, offering a unique blend of small-town charm and big-city amenities. With its proximity to Lake Tahoe and the Sierra Nevada Mountains, Reno attracts tourists and businesses alike, making it an attractive location for retail investments. The city's infrastructure, including the Regional Transportation Commission of Washoe County (RTC) bus system, Amtrak rail service, and Reno–Tahoe International Airport, provides easy access to the area. Additionally, Reno is home to several major companies, including Tesla, Amazon, and Caesars Entertainment, which contribute to the city's economic growth. The University of Nevada, Reno, and its affiliated healthcare facilities also make Reno an attractive location for businesses and individuals alike.
Reno's Retail Space For Lease market offers a range of opportunities, with 105 listings available. The average annual rent per square foot is $23 USD, with a minimum of $6 USD and a maximum of $49 USD. Retail spaces range in size from 114 square feet to 55,000 square feet, with an average size of 4,637 square feet. In addition to Retail Space, Reno also offers opportunities for Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and benefits. For example, Restaurants can take advantage of the city's thriving food scene, while Medical Offices can leverage the presence of major healthcare facilities. Office Space, meanwhile, can benefit from the city's growing technology sector and proximity to major companies like Tesla and Amazon. Overall, Reno's diverse economy and attractions make it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Reno?
The average cost per square foot for retail space in Reno is $23 USD per square foot, with available listings totaling 105 and average space sizes ranging from 4,637 square feet to 55,000 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or supermarkets, can significantly impact surrounding retail space leases in Reno, as they attract a high volume of foot traffic and create a draw for other businesses, leading to increased demand and potentially higher lease rates for nearby retail spaces, with 105 available listings averaging $23 USD per square foot and ranging in size from 4,637 square feet to 55,000 square feet.
