Durham, North Carolina, is a city that offers a unique blend of history, education, and innovation, making it an ideal location for Retail Space For Lease. With its rich history tied to the tobacco industry and its evolution into an educational, medical, and research hub, Durham provides a diverse range of opportunities for businesses. The city is home to institutions like Duke University and North Carolina Central University, which drives a strong demand for Retail Space. Additionally, Durham's downtown revitalization efforts have attracted businesses, startups, and cultural venues, creating a thriving environment for Retail Space. The city's infrastructure, including transportation services like GoDurham and GoTriangle, and major transportation facilities like the Raleigh-Durham International Airport, makes it easily accessible for customers and employees alike.
With 51 Retail Space listings available For Lease, Durham offers a wide range of options for businesses. The average annual rent per square foot is $27 USD, with the smallest annual rent per square foot being $6 USD and the largest being $27 USD. The average size of Retail Space For Lease is 7,867 square feet, with the smallest being 340 square feet and the largest being 244,347 square feet. In addition to Retail Space, Durham also offers other property types For Lease, including Restaurants, with their unique dining experiences, Medical Offices, with their state-of-the-art facilities, and Office Space, with their modern amenities. The city's diverse economy, strong educational institutions, and rich cultural scene make it an attractive location for businesses looking to establish a presence in the Research Triangle.
What is the average cost per square foot for retail space in Durham?
The average cost per square foot for retail space in Durham is $27 USD per square foot, with an average size of 7,867 square feet and a maximum space size of 244,347 square feet available among the 51 listings.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as grocery stores or department stores, can positively impact surrounding retail space leases in Durham by increasing foot traffic and attracting a steady customer base, which can lead to higher demand and rents for nearby retail spaces, with 51 available listings averaging $27 USD per square foot and ranging in size from 7,867 square feet to 244,347 square feet.
