El Paso, Texas, a city situated on the Rio Grande, offers a unique blend of cultural richness, economic diversity, and natural beauty, making it an attractive location for businesses and individuals alike. With a population of around 690,000, El Paso provides a thriving environment for Retail Space, which is currently available For Lease. The city's strategic location, infrastructure, and amenities create an ideal setting for businesses to flourish, making Retail Space a valuable investment opportunity.
El Paso's Retail Space, with 103 listings available, offers a range of options for businesses looking to establish a presence in the city. The average annual rent per square foot is $22 USD, with an average size of 3,355 square feet and a maximum space size of 60,000 square feet. In addition to Retail Space, El Paso also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. For instance, Restaurants in El Paso can capitalize on the city's vibrant cultural scene, while Medical Offices can benefit from the presence of institutions like the Medical Center of the Americas and the University of Texas at El Paso. Office Space, on the other hand, can take advantage of the city's strong federal and military presence, with institutions like Fort Bliss and various federal agencies headquartered in the area. Overall, El Paso's diverse economy, rich cultural heritage, and natural beauty make it an attractive location for businesses and individuals looking to establish a presence in the region.
What is the average cost per square foot for retail space in El Paso?
The average cost per square foot for retail space in El Paso is $22 USD per square foot, with an average size of 3,355 square feet and a maximum space size of 60,000 square feet, among the 103 available listings of retail space for lease in the city.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or supermarkets, can significantly impact surrounding retail space leases in El Paso, as they attract a large customer base and create a hub of activity, thereby increasing foot traffic and desirability for nearby retail spaces, which can lead to higher lease rates and a more competitive market, with 103 available listings of retail space for lease in El Paso, averaging $22 USD per square foot, and ranging in size from 3,355 square feet to 60,000 square feet.
