Rockford, Illinois, a city situated in the far northern part of the state along the Rock River, offers a unique blend of industrial heritage, cultural attractions, and economic diversity, making it an attractive location for Retail Space For Lease. With a population of around 150,000, Rockford provides a sizable market for businesses, supported by its strong infrastructure, including Interstate 39, Interstate 90, and the Chicago Rockford International Airport. The city's economy has diversified over time, with major industries in manufacturing, healthcare, education, and retail, featuring notable employers like Mrs. Fisher's, a regional manufacturer of potato chips. Rockford's cultural scene is also thriving, with attractions like the Anderson Japanese Gardens, the Coronado Theatre, and the Burpee Museum of Natural History, making it a great place for business and travel.
Retail Space For Lease in Rockford benefits from the city's strategic location, with 34 listings available. The average annual rent per square foot is $11 USD, with spaces ranging from 600 square feet to 89,900 square feet. In addition to Retail Space, Rockford also offers other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. Restaurants, for instance, can capitalize on the city's growing tourism industry, while Medical Offices can tap into the healthcare sector, which is a significant contributor to the local economy. Office Space, on the other hand, can benefit from the city's strong infrastructure and transportation links, making it an attractive option for businesses of all sizes. Overall, Rockford's diverse economy, cultural attractions, and strategic location make it an ideal location for businesses looking to establish or expand their presence.
What is the average cost per square foot for retail space in Rockford?
Currently, there are 34 available listings of retail space in Rockford, with an average annual rent of $11 USD per square foot, and an average size of 8,143 square feet, making it an attractive option for businesses looking to establish a presence in this city.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or supermarkets, can significantly impact surrounding retail space leases in Rockford, Illinois, as they attract a high volume of foot traffic, increasing the desirability and value of nearby retail spaces, which can lead to higher lease rates and a more competitive market, with 34 available listings of retail space for lease, averaging $11 USD per square foot, and ranging in size from 8,143 square feet to 89,900 square feet.
