Springfield, Illinois, a city steeped in history and culture, is an ideal location for a Retail Space For Lease. With a population of around 114,000 residents, Springfield offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for businesses and tourists alike. The city's economy is driven by government jobs and related industries, providing a stable foundation for businesses to thrive. Additionally, Springfield is home to several major institutions, including the University of Illinois Springfield and Lincoln Land Community College, which attract a diverse range of students and professionals. The city's infrastructure is well-developed, with a range of transportation options, including Interstate 55 and I-72, Amtrak routes, and the Abraham Lincoln Capital Airport, making it easily accessible for residents and visitors.
With 15 Retail Space For Lease available, Springfield offers a wide range of options for businesses looking to establish a presence in the city. The average annual rent per square foot for Retail Space in Springfield is $14 USD, with sizes ranging from 845 square feet to 20,526 square feet. In addition to Retail Space, Springfield also offers a range of other property types, including Restaurants, with their unique blend of local cuisine and cultural attractions, Medical Offices, which serve the city's growing healthcare industry, and Office Space, which cater to the city's thriving business community. With its rich history, cultural attractions, and strong economy, Springfield is an ideal location for businesses looking to establish a presence in the heart of Illinois.
What is the average cost per square foot for retail space in Springfield?
The average cost per square foot for retail space in Springfield is $14 USD per square foot, with an average size of 3,846 square feet and a maximum space size of 20,526 square feet available among the 15 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
In Springfield, where there are currently 15 available listings of retail space, anchor tenants can significantly impact surrounding retail space leases, as they often drive foot traffic and attract customers to the area, making it more desirable for smaller retailers and increasing the likelihood of securing a lease at a competitive rate, such as the average annual rent of $14 USD per square foot, for a space averaging 3,846 square feet, with a maximum size of 20,526 square feet.
