Fayetteville, North Carolina, is a city that offers a unique blend of history, education, and commerce, making it an ideal location for Retail Space For Lease. With a population of over 200,000 residents, Fayetteville is a hub for various sectors, including shops, restaurants, services, lodging, health care, and entertainment. The city's proximity to Fort Liberty, a major U.S. Army installation, has contributed to its growth and development, with major defense contractors like Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, and L-3 Communications playing a significant role in the region. Additionally, Fayetteville is home to several institutions of higher education, including Fayetteville State University, Fayetteville Technical Community College, and Methodist University, which attract students and professionals from across the country.
Fayetteville's Retail Space For Lease market is thriving, with 55 available listings. The average annual rent per square foot is $18 USD, with sizes ranging from 140 square feet to 57,500 square feet. In addition to Retail Space, Fayetteville also offers a range of other property types, including Restaurants, with their unique blend of Southern cuisine and international flavors, Medical Offices, which cater to the city's growing healthcare industry, and Office Space, which serves as a hub for various businesses and startups. With its rich history, diverse economy, and growing population, Fayetteville is an attractive location for businesses and investors alike, making it an ideal place to lease Retail Space.
What is the average cost per square foot for retail space in Fayetteville?
In Fayetteville, the average annual rent per square foot for retail space is $18 USD, with available listings totaling 55 and average space sizes ranging from 3,309 square feet to a maximum of 57,500 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or grocery stores, can have a significant impact on surrounding retail space leases in Fayetteville, as they attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and a more competitive market, with 55 available listings of retail space for lease in the area, offering a range of options from 3,309 square feet to 57,500 square feet, at an average annual rent of $18 USD per square foot.
