Wichita, Kansas, is an attractive location for businesses seeking to establish a strong presence in the Midwest, with its diverse economy, rich history, and ongoing development efforts making it an ideal place to invest in Retail Space for Lease. The city's strategic location at the junction of Interstate 35 and U.S. Route 54, along with its well-developed infrastructure, including Evergy, Kansas Gas Service, and the City of Wichita's water and sewer services, makes it an attractive destination for businesses and residents alike. Wichita is also home to several major corporations, including Koch Industries, Cargill, and Coleman Company, which contribute to the city's economic vitality. Additionally, the city's cultural landscape is enriched by institutions like the Wichita Symphony Orchestra, Music Theatre Wichita, and the Wichita Public Library's Academy Awards Shorts program, making it an attractive place to live and work.
With 67 Retail Space listings available for lease, Wichita offers a range of options for businesses seeking to establish a presence in the city. The average annual rent per square foot for Retail Space in Wichita is $15 USD, with an average size of 5,528 square feet and a maximum space size of 62,604 square feet. In addition to Retail Space, Wichita also offers a range of other property types, including Restaurants, which can be found in popular areas like Old Town, Medical Offices, which are often located near major hospitals like Ascension Via Christi Hospital St. Francis and Wesley Medical Center, and Office Space, which can be found in various locations throughout the city. With its diverse economy, rich history, and ongoing development efforts, Wichita is an attractive destination for businesses and residents alike, making it an ideal place to invest in Retail Space for Lease.
What is the average cost per square foot for retail space in Wichita?
The average cost per square foot for retail space in Wichita is $15 USD per square foot, with an average size of 5,528 square feet and a maximum space size of 62,604 square feet available among the 67 listings currently on the market.
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 Wichita, Kansas, as they attract a high volume of foot traffic, increasing the desirability of nearby retail spaces, which can lead to higher lease rates and a lower vacancy rate, with the average annual rent per square foot currently at $15 USD and an average size of 5,528 square feet, and a maximum space size of 62,604 square feet, among the 67 available listings of retail space for lease in Wichita.
