Broken Arrow, Oklahoma, offers a unique blend of small-town charm and big-city amenities, making it an ideal location for retail space for lease. With a population of around 110,000 residents, the city has experienced significant growth, transitioning from a small town to a suburban city. The diverse economy, with a strong presence of manufacturers, has led to commercial developments along Oklahoma State Highway 51, focusing on economic development initiatives. Notable employers, such as FlightSafety International, FedEx Ground, Blue Bell Creameries, and Windstream Communications, have established themselves in the city, contributing to its economic growth. The city's infrastructure, including State Highway 51, Muskogee Turnpike, Creek Turnpike, and Tulsa Transit, provides easy access to surrounding areas, making it an attractive location for businesses and residents alike. Additionally, the city is home to various amenities, including a new full-service hospital, area parks, and the Sunset Amphitheater, which hosts a minimum of 45 concert events annually.
With 37 retail spaces for lease available, Broken Arrow offers a range of options for businesses looking to establish themselves in the area. The average annual rent per square foot is $21 USD, with spaces ranging from 600 square feet to 62,000 square feet. In addition to retail spaces, Broken Arrow also offers restaurants, medical offices, and office spaces for lease, each with its own unique characteristics and benefits. For example, restaurants in Broken Arrow can take advantage of the city's growing population and diverse economy, while medical offices can benefit from the presence of a new full-service hospital. Office spaces, on the other hand, can leverage the city's infrastructure and transportation links to surrounding areas. Overall, Broken Arrow's retail spaces for lease offer a unique opportunity for businesses to establish themselves in a thriving and growing community.
What is the average cost per square foot for retail space in Broken Arrow?
As of now, there are 37 available listings of retail space for lease in Broken Arrow, with an average annual rent of $21 USD per square foot, and an average size of 3,750 square feet, ranging up to a maximum space size of 62,000 square feet.
How do anchor tenants affect surrounding retail space leases?
In Broken Arrow, Oklahoma, anchor tenants, such as large retailers or restaurants, can significantly impact surrounding retail space leases, as they often attract a high volume of foot traffic and create a desirable location for smaller businesses, leading to increased demand and potentially higher rental rates for nearby retail spaces, with 37 available listings averaging $21 USD per square foot and ranging in size from 3,750 square feet to 62,000 square feet.
