Elizabeth, a city with a rich history dating back to 1664, offers a unique blend of historical significance and modern development, making it an ideal location for Retail Space For Lease. With its strategic location, Elizabeth provides easy access to major transportation facilities, including the Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport, making it an attractive destination for businesses and travelers alike. The city's diverse geography, featuring the Elizabeth River and its proximity to neighboring municipalities and bodies of water, contributes to its unique character. Additionally, Elizabeth is home to several major employers, including New England Motor Freight and Phillips 66, which operates the Bayway Refinery, and is served by major roads such as the New Jersey Turnpike, Routes 1 and 9, and Routes 27 and 439.
With 24 Retail Space listings available For Lease, Elizabeth offers a range of opportunities for businesses looking to establish a presence in the area. The average annual rent per square foot for Retail Space in Elizabeth is $53 USD, with spaces ranging in size from 1,000 square feet to 26,000 square feet. In addition to Retail Space, Elizabeth also offers a range of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. For example, Restaurants in Elizabeth can benefit from the city's diverse cultural landscape and proximity to major transportation hubs, while Medical Offices can take advantage of the city's growing healthcare industry. Office Space in Elizabeth, meanwhile, offers a range of options for businesses looking to establish a presence in the area, with many buildings featuring modern amenities and convenient access to major roads and transportation facilities. Overall, Elizabeth offers a unique blend of history, culture, and economic opportunity, making it an attractive destination for businesses and investors alike.
What is the average cost per square foot for retail space in Elizabeth?
The average cost per square foot for retail space in Elizabeth is $53 USD per square foot, with an average size of 4,573 square feet and a maximum space size of 26,000 square feet, among the 24 available listings of retail space in the area.
How do anchor tenants affect surrounding retail space leases?
In Elizabeth, New Jersey, where there are currently 24 available listings of retail space for lease, anchor tenants play a significant role in shaping the surrounding retail landscape, as they attract foot traffic and create a draw for other businesses, ultimately influencing the lease rates and desirability of nearby retail spaces, with average annual rent per square foot at $53 USD and average size of 4,573 square feet, and maximum space size of 26,000 square feet.
