Abilene, Texas, is a prime location for Retail Space For Lease, offering a unique blend of small-town charm and big-city amenities. With a population of around 120,000, Abilene is a hub for commerce, education, and healthcare in the region. The city is home to three Christian universities, including Abilene Christian University, McMurry University, and Hardin Simmons University, which attract a diverse student population and create a demand for retail spaces. Additionally, Abilene's strategic location on Interstate 20, approximately 150 miles west of Fort Worth, makes it an attractive destination for businesses and travelers alike. The city's well-established infrastructure, including the Abilene Regional Airport, three reservoirs, and Clear Creek, provides a solid foundation for economic growth and development. With notable attractions like the Paramount Theatre, the Abilene Philharmonic Orchestra, and the Grace Museum, Abilene offers a rich cultural scene that supports local businesses and draws visitors from across the region.
Abilene's Retail Space For Lease market is thriving, with 28 available listings offering a range of options for businesses. The average annual rent per square foot is $16 USD, with a minimum of $7 USD and a maximum of $32 USD. The average size of Retail Space For Lease in Abilene is 4,973 square feet, with a minimum of 1 square feet and a maximum of 32,562 square feet. In addition to Retail Space, Abilene also offers a range of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants in Abilene are well-positioned to capitalize on the city's growing food scene, while Medical Offices can tap into the demand for healthcare services from the city's three universities and major medical centers. Office Space in Abilene is ideal for businesses looking to establish a presence in the region, with access to a skilled workforce and a range of amenities. Overall, Abilene's Retail Space For Lease market offers a unique combination of small-town charm and big-city opportunities, making it an attractive destination for businesses and investors alike.
What is the average cost per square foot for retail space in Abilene?
The average cost per square foot for retail space in Abilene is $16 USD per square foot, with 28 available listings, ranging in size from 4,973 square feet to 32,562 square feet, offering a variety of options for businesses looking to establish a presence in this commercial and retail hub.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, can significantly impact surrounding retail space leases in Abilene, Texas, 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 currently 28 available listings of retail space, averaging $16 USD per square foot, and ranging in size from 4,973 square feet to 32,562 square feet.
