Rio Rancho, New Mexico, is an attractive location for businesses looking to establish a Retail Space For Lease, thanks to its diverse economy, excellent infrastructure, and growing population of around 90,000 residents. The city's strategic location in the Albuquerque Basin, west of the Rio Grande, makes it an ideal spot for businesses to thrive. With Intel Corporation, one of the largest employers in the area, and a range of amenities like the University of New Mexico's health sciences satellite campus, Central New Mexico Community College's downtown campus, and the Santa Ana Star Center, Rio Rancho offers a unique blend of education, innovation, and entertainment. Additionally, the city's transportation infrastructure, including bus routes and paratransit services, makes it easily accessible to residents and visitors alike.
Rio Rancho's Retail Space For Lease market is characterized by a range of options, with 12 listings available. The average annual rent per square foot is $22 USD, with a minimum of $10 USD and a maximum of $33 USD. The average size of these Retail Spaces is 3,066 square feet, ranging from 160 to 29,148 square feet. In addition to Retail Spaces, Rio Rancho also offers a range of other property types, including Restaurants, Medical Offices, and Office Spaces, each with its own unique characteristics and advantages. For instance, Restaurants in Rio Rancho benefit from the city's growing population and diverse economy, while Medical Offices are well-positioned to serve the healthcare needs of the local community. Office Spaces, meanwhile, offer a range of options for businesses looking to establish a presence in the area. Overall, Rio Rancho's Retail Space For Lease market offers a unique combination of opportunities and amenities that make it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Rio Rancho?
In Rio Rancho, the average annual rent per square foot for retail space is $22 USD per square foot, with an average size of 3,066 square feet and a maximum space size of 29,148 square feet, making it an attractive option for businesses looking to establish a presence in this growing city with a diverse economy and a population of around 90,000 people.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as Walmart, in Rio Rancho, New Mexico, can positively impact surrounding retail space leases by attracting a high volume of foot traffic, increasing visibility, and creating a desirable location for other businesses, which can lead to higher demand and potentially higher rental rates for available retail spaces, of which there are currently 12 listings, with an average annual rent of $22 USD per square foot and an average size of 3,066 square feet, with a maximum space size of 29,148 square feet.
