Scranton, Pennsylvania, is a city that offers a unique blend of industrial heritage, cultural diversity, and recreational activities, making it an ideal location for Retail Space For Lease. With a population of around 70,000, Scranton serves as the cultural and economic center of Northeastern Pennsylvania. The city's diversified economy, which includes healthcare, academia, and manufacturing, provides a strong foundation for businesses to thrive. The presence of institutions like Geisinger Commonwealth School of Medicine, Johnson College, and Marywood University adds to the economic diversity of Scranton. Additionally, the city's recreational activities, such as skiing at Montage Mountain Ski Resort, and cultural events like the La Festa Italiana festival and the Saint Patrick's Day Parade, make it an attractive location for businesses and residents alike.
Scranton's Retail Space For Lease offers a range of opportunities for businesses, with 20 listings available. The average annual rent per square foot is $12 USD, with a minimum of $5 USD and a maximum of $16 USD. The average size of Retail Space For Lease is 6,498 square feet, with a minimum of 1,200 square feet and a maximum of 21,000 square feet. In addition to Retail Space, Scranton also offers other property types, such as Restaurants, with their own unique characteristics and opportunities. Medical Offices are also available, with proximity to healthcare institutions like Geisinger Commonwealth School of Medicine. Office Space is another option, with many listings available in the city's central business district. Overall, Scranton's Retail Space For Lease offers a unique blend of location, amenities, and opportunities, making it an attractive option for businesses.
What is the average cost per square foot for retail space in Scranton?
The average cost per square foot for retail space in Scranton is $12 USD per square foot, with an average size of 6,498 square feet and a maximum space size of 21,000 square feet available among the 20 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
In Scranton, where there are currently 20 available listings of retail space, anchor tenants play a significant role in shaping the surrounding retail landscape, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and more competitive terms, such as an average annual rent of $12 USD per square foot and average space sizes of 6,498 square feet, with some spaces reaching up to 21,000 square feet.
