Bethlehem, Pennsylvania, is a city that offers a unique blend of history, culture, and economic opportunities, making it an attractive location for businesses looking to establish a retail presence. With a population of approximately 80,000, Bethlehem provides a sizable customer base for retailers. The city's rich history, dating back to the 18th century, is reflected in its well-preserved architecture, cultural attractions, and historic districts, making it an attractive destination for tourists and locals alike. The presence of major corporations such as Wind Creek Bethlehem, St. Luke's Hospital, and Lehigh University contributes to the city's economic vitality, while the availability of amenities like parks, sports facilities, and cultural events enhances the quality of life for residents and visitors. As a result, retail spaces in Bethlehem are in high demand, and with 24 listings available for lease, business owners have a range of options to choose from.
Bethlehem's retail spaces offer a unique opportunity to tap into the city's thriving economy. With an average annual rent of $21 USD per square foot, and spaces ranging from 181 to 98,000 square feet, retailers can find the perfect location to suit their needs. In addition to retail spaces, Bethlehem is also home to a range of other property types, including restaurants, medical offices, and office spaces. Restaurants can thrive in the city's vibrant downtown area, while medical offices can take advantage of the proximity to major healthcare providers like St. Luke's Hospital. Office spaces, meanwhile, can benefit from the city's strong economy and highly educated workforce. With its unique blend of history, culture, and economic opportunities, Bethlehem is an attractive location for businesses of all types, and its retail spaces are no exception.
What is the average cost per square foot for retail space in Bethlehem?
The average cost per square foot for retail space in Bethlehem is $21 USD per square foot, with available listings totaling 24, and average space sizes ranging from 5,167 square feet to a maximum of 98,000 square feet.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant, such as a major department store or grocery chain, can have a significant impact on surrounding retail space leases in Bethlehem, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and a lower vacancy rate, with currently 24 available listings of retail space for lease in Bethlehem, averaging $21 USD per square foot and ranging in size from 5,167 square feet to 98,000 square feet.
