El Monte, a city in Los Angeles County, California, is an attractive location for businesses looking to establish a strong presence in the San Gabriel Valley. With a population of around 110,000, El Monte offers a diverse customer base and a thriving economy. The city's infrastructure, including the El Monte Police Department, Los Angeles County Fire Department, and El Monte Transit, provides a solid foundation for businesses to grow. Additionally, the city's proximity to major transportation facilities, such as Interstate 10, Metrolink's San Bernardino Line, and the San Gabriel Valley Airport, makes it an ideal location for companies that rely on transportation and logistics. The city is also home to several major employers, including Cathay Bank, which has a corporate center in El Monte. With its rich history, diverse neighborhoods, and strong economy, El Monte is an excellent location for businesses looking to lease retail space.
El Monte offers a range of retail spaces for lease, with 32 listings available. These spaces range in size from 232 square feet to 53,904 square feet, with an average annual rent of $25 USD per square foot. In addition to retail spaces, El Monte also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants in El Monte can take advantage of the city's diverse population and thriving economy, while medical offices can benefit from the city's strong healthcare infrastructure. Office spaces in El Monte offer a range of amenities, including proximity to major transportation facilities and a skilled workforce. With its diverse economy and strong infrastructure, El Monte is an attractive location for businesses looking to establish a presence in the San Gabriel Valley.
What is the average cost per square foot for retail space in El Monte?
The average cost per square foot for retail space in El Monte is $25 USD per square foot, with an average size of 4,479 square feet and a maximum space size of 53,904 square feet available among the 32 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or supermarkets, can have a significant impact on surrounding retail space leases in El Monte, where there are currently 32 available listings, by driving foot traffic and attracting customers to the area, thereby increasing the desirability and value of nearby retail spaces, which can lead to higher lease rates, with the average annual rent per square foot being $25 USD and average space size being 4,479 square feet, with a maximum space size of 53,904 square feet.
