Erie, Pennsylvania, is a city that offers a unique blend of history, culture, and natural beauty, making it an attractive location for businesses looking to lease retail space. With a diverse economy and a strong presence of industries such as manufacturing, healthcare, and education, Erie provides a solid foundation for retail businesses to thrive. The city's infrastructure, including Erie Water Works, Penelec, National Fuel Gas Company, and Time Warner Cable, ensures that businesses have access to the necessary resources to operate efficiently. Additionally, Erie's location on the southern shore of Lake Erie provides a scenic backdrop for retail spaces, with attractions like Presque Isle State Park and the Erie Maritime Museum drawing in tourists and locals alike. With a population of around 100,000, Erie offers a sizable customer base for retail businesses, and its proximity to major cities like Cleveland, Ohio, and Buffalo, New York, makes it an ideal location for businesses looking to expand their reach.
When it comes to retail space for lease in Erie, businesses can expect to find a range of options to suit their needs. With 25 listings available, there's something for everyone, from small boutiques to large commercial spaces. The average annual rent per square foot is $16 USD, with a minimum of $4 USD and a maximum of $39 USD. The average size of retail spaces in Erie is 6,227 square feet, with a minimum of 455 square feet and a maximum of 51,793 square feet. In addition to retail space, Erie also offers a range of other property types, including restaurants, medical offices, and office spaces, each with its own unique characteristics and advantages. Restaurants, for example, can take advantage of the city's thriving food scene, while medical offices can benefit from the presence of major healthcare institutions like UPMC Hamot and Saint Vincent Hospital. Office spaces, meanwhile, can tap into the city's growing technology sector, with companies like Logistics Plus and Velocity Network Inc. leading the way.
What is the average cost per square foot for retail space in Erie?
The average cost per square foot for retail space in Erie is $16 USD per square foot, with available listings totaling 25 and average space sizes ranging from 6,227 square feet to 51,793 square feet.
How do anchor tenants affect surrounding retail space leases?
In Erie, where there are currently 25 available listings of retail space, anchor tenants can have a significant impact on surrounding retail space leases, as they often draw in foot traffic and create a hub of activity, making the surrounding area more attractive to potential tenants and driving up demand, which can in turn increase lease rates, with average annual rent per square foot currently at $16 USD and average space size at 6,227 square feet, with some spaces available up to 51,793 square feet.
