Bloomington, Indiana, is a hub for commerce and education, making it an ideal location for retail space. With a population of around 80,000, the city offers a unique blend of small-town charm and big-city amenities, attracting a diverse range of businesses and customers. The presence of Indiana University Bloomington, which enrolls over 45,000 students, creates a thriving market for retail businesses. Additionally, the city's infrastructure, including Monroe County Airport, Indianapolis International Airport, and major highways like I-69 and SR 37, makes it easily accessible to customers and suppliers. The city's amenities, such as Lake Lemon, Griffy Lake, and the Bloomington Playwrights Project, also contribute to its appeal as a great place for business and travel.
With 11 retail spaces for lease in Bloomington, business owners have a range of options to choose from. These retail spaces offer an average annual rent of $17 USD per square foot, with sizes ranging from 216 square feet to 87,405 square feet. In addition to retail spaces, Bloomington also offers a range of other property types, including restaurants, medical offices, and office spaces. For example, restaurants can take advantage of the city's vibrant downtown area, while medical offices can benefit from the presence of major healthcare providers like IU Health Bloomington Hospital. Office spaces, meanwhile, can tap into the city's growing tech industry, which is fueled by companies like Cook Medical and Baxter International.
What is the average cost per square foot for retail space in Bloomington?
The average cost per square foot for retail space in Bloomington is $17 USD per square foot, with an average size of 14,494 square feet and a maximum space size of 87,405 square feet available among the 11 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant, such as a large department store or grocery chain, can have a significant impact on surrounding retail space leases in Bloomington, Indiana, 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 more competitive market, with 11 available listings of retail space for lease, averaging $17 USD per square foot, and ranging in size from 14,494 square feet to 87,405 square feet.
