Springfield, Massachusetts, is a historic city that offers a unique blend of history, innovation, and economic growth, making it an ideal location for businesses looking to establish a strong presence. With a diverse economy, key industries such as manufacturing, healthcare, and finance, and a strong presence of notable companies like MassMutual Financial Group and Smith & Wesson, Springfield provides a fertile ground for businesses to thrive. The city's infrastructure, including Springfield Union Station, Bradley International Airport, and major highways, ensures easy connectivity and access to various markets. Additionally, Springfield is home to several higher educational institutions, hosting a large number of university students and institutions, making it an attractive location for businesses that value a skilled workforce. With 27 retail spaces for lease, Springfield offers a range of options for businesses looking to establish a retail presence in the city.
Springfield's retail spaces for lease offer a unique opportunity for businesses to tap into the city's diverse economy and customer base. With an average annual rent of $20 USD per square foot, and spaces ranging from 498 to 36,000 square feet, there are options available to suit various business needs. Nearby, restaurants, medical offices, and office spaces are also available, offering a range of opportunities for businesses to establish a presence in the city. Restaurants, such as those in the Metro Center district, offer a unique dining experience, while medical offices, like those in the Baystate Health system, provide access to quality healthcare services. Office spaces, such as those in the downtown area, offer a range of options for businesses looking to establish a professional presence. Overall, Springfield's retail spaces for lease offer a unique opportunity for businesses to establish a strong presence in a city that is rich in history, innovation, and economic growth.
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 $20 USD per square foot, with available listings totaling 27 and average space sizes ranging from 5,046 square feet to 36,000 square feet.
How do anchor tenants affect surrounding retail space leases?
In Springfield, Massachusetts, anchor tenants play a significant role in shaping the retail landscape, as their presence can increase foot traffic and attract other businesses, ultimately driving up demand and rents for surrounding retail space leases, with currently 27 available listings averaging $20 USD per square foot and ranging in size from 5,046 square feet to 36,000 square feet.
