Southfield, Michigan, is a hub for business and commerce, making it an ideal location for Retail Space For Lease. With its proximity to Detroit and its own thriving commercial districts, Southfield offers a unique blend of amenities, infrastructure, and education that make it an attractive destination for businesses and travelers alike. The city is home to Lawrence Technological University, as well as numerous major corporations, including Veoneer, Huf Hülsbeck and Fürst, and Denso. Additionally, Southfield boasts a comprehensive transportation system, with easy access to major highways and public transportation, making it easy to get around the city and surrounding areas. With its rich cultural landscape, including the Specs Howard School of Media Arts and the Penguicon convention, Southfield is a great place to do business and explore.
With 43 Retail Space For Lease available, Southfield offers a range of options for businesses looking to establish a presence in the area. From small, boutique spaces to larger, more industrial locations, there's something for every type of business. And with average annual rents of $21 USD per square foot, and spaces ranging in size from 792 to 35,400 square feet, businesses can find the perfect fit for their needs. In addition to Retail Space, Southfield is also home to a range of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. Whether you're looking to establish a new business or expand an existing one, Southfield has something to offer.
What is the average cost per square foot for retail space in Southfield?
In Southfield, the average annual rent per square foot for retail space is $21 USD, making it an attractive option for businesses looking to establish a presence in this commercial and business hub, with 43 available listings ranging in size from 4,138 square feet to 35,400 square feet.
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 Southfield, Michigan, as they attract a high volume of foot traffic and create a draw for other businesses, leading to increased demand and potentially higher lease rates for nearby retail spaces, with 43 available listings, averaging $21 USD per square foot, and ranging in size from 4,138 square feet to 35,400 square feet.
