South Bend, Indiana, is a city that offers a unique blend of history, culture, and economic opportunities, making it an attractive location for businesses looking to establish a presence in the region. With a population of around 103,000 residents, South Bend is a thriving city that is home to a diverse range of industries, including healthcare, education, and small businesses. The city's strategic location, situated near the Michigan border and approximately 72 miles east of downtown Chicago, makes it an ideal spot for businesses looking to tap into the regional market. With 34 retail spaces for lease, South Bend offers a wide range of options for businesses looking to establish a retail presence in the area.
South Bend's retail spaces are nestled in a city that is rich in history and culture, with attractions like the University of Notre Dame, the Potawatomi Zoo, and the South Bend Museum of Art. The city's economy is driven by a strong healthcare sector, with major employers like Memorial Health System and the University of Notre Dame, as well as a growing technology sector, with innovation hubs like Innovation Park and Ignition Park. In addition to retail spaces, South Bend also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants can thrive in the city's vibrant downtown area, while medical offices can take advantage of the city's strong healthcare sector. Office spaces, meanwhile, can benefit from the city's growing technology sector and its proximity to major transportation hubs like the South Bend International Airport and the South Shore Line train station.
What is the average cost per square foot for retail space in South Bend?
As of now, there are 34 available listings of Retail Space in South Bend, with an average annual rent per square foot of $16 USD, and an average size of 5,238 square feet, making it an attractive option for businesses looking to establish a presence in this city, which is home to the University of Notre Dame and has a strong economy influenced by industries such as healthcare, education, and small businesses.
How do anchor tenants affect surrounding retail space leases?
In South Bend, where there are currently 34 available listings of retail space for lease, anchor tenants can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a desirable shopping environment, ultimately leading to higher demand and potentially higher lease rates for nearby retail spaces, which average $16 USD per square foot and range in size from 5,238 square feet to 34,400 square feet.
