Santa Monica, a city of approximately 90,000 residents, is a prime destination for businesses looking to establish a strong presence in the retail market. With its diverse economy, rich history, and stunning beaches, Santa Monica offers a unique blend of attractions, amenities, and infrastructure that make it an ideal location for retail space. The city is home to notable companies such as Hulu, Activision Blizzard, and Universal Music Group, and its strong sports presence will be showcased during the 2028 Summer Olympics. Additionally, Santa Monica boasts a range of cultural venues, including theaters, art galleries, and the Santa Monica Looff Hippodrome, a National Historic Landmark.
With 221 retail spaces for lease, Santa Monica offers a wide range of options for businesses looking to establish a presence in the area. The average annual rent per square foot is $65 USD, with spaces ranging in size from 128 square feet to 101,760 square feet. In addition to retail space, Santa Monica is also home to a variety of other property types, including restaurants, medical offices, and office space. Restaurants in Santa Monica offer a diverse range of cuisines, from seafood to Italian, and medical offices are conveniently located near top-rated hospitals such as UCLA Medical Center and Saint John's Health Center. Office space in Santa Monica is highly sought after, with many companies drawn to the city's strong economy and high quality of life. Overall, Santa Monica is a vibrant and dynamic coastal destination that offers a unique blend of business opportunities, cultural attractions, and natural beauty.
What is the average cost per square foot for retail space in Santa Monica?
As of now, there are 221 available listings of Retail Space in Santa Monica, with an average annual rent per square foot of $65 USD and an average size of 5,577 square feet, making it an attractive option for businesses looking to establish a presence in this popular resort town.
How do anchor tenants affect surrounding retail space leases?
When anchor tenants, such as popular department stores or restaurants, occupy a retail space in Santa Monica, they can significantly impact the surrounding retail space leases, as their presence tends to attract more foot traffic and customers, increasing the demand for nearby retail spaces, which can drive up rents and make the area more desirable for other businesses, with 221 available listings of retail space for lease in Santa Monica, offering a range of options for businesses looking to capitalize on the anchor tenant's draw, with average annual rent per square foot at $65 USD and average size of 5,577 square feet, up to a maximum space size of 101,760 square feet.
