Renton, Washington, is a city that offers a unique blend of industrial heritage and modern amenities, making it an attractive location for businesses looking to establish a presence in the region. With its proximity to Seattle and its own thriving economy, Renton is an ideal location for Retail Space For Lease, offering a range of opportunities for entrepreneurs and investors alike. The city's infrastructure, including the Renton Municipal Airport, the transit center and parking garage, and the Piazza Park town square, provides a solid foundation for businesses to grow and thrive. Additionally, Renton's location near major transportation facilities, such as Interstate 5, Interstate 405, and State Route 167, makes it easily accessible to customers and suppliers alike. With a population of over 100,000, Renton offers a diverse and growing customer base, making it an attractive location for Retail Space For Lease.
Renton's Retail Space For Lease market is characterized by a range of options, with 15 listings available. The average annual rent per square foot is $24 USD, with a minimum of $15 USD and a maximum of $38 USD. The average size of Retail Space For Lease in Renton is 44,274 square feet, with a minimum of 784 square feet and a maximum of 721,046 square feet. In addition to Retail Space, Renton also offers a range of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and opportunities. For example, Restaurants in Renton benefit from the city's vibrant downtown area and proximity to major employers, while Medical Offices are well-positioned to serve the city's growing population. Office Space in Renton, meanwhile, offers a range of options for businesses looking to establish a presence in the region. Overall, Renton's Retail Space For Lease market offers a range of opportunities for businesses looking to establish a presence in the region.
What is the average cost per square foot for retail space in Renton?
On average, retail space for lease in Renton costs $24 USD per square foot, with 15 available listings ranging in size from 44,274 square feet to 721,046 square feet.
How do anchor tenants affect surrounding retail space leases?
In Renton, Washington, anchor tenants, such as major retailers or restaurants, can positively impact surrounding retail space leases by increasing foot traffic, driving customer demand, and enhancing the overall shopping experience, which can lead to higher lease rates and lower vacancy rates, as evidenced by the 15 available listings of retail space, with an average annual rent of $24 USD per square foot and an average size of 44,274 square feet, and a maximum space size of 721,046 square feet.
