Hillsboro, Oregon, is a prime destination for businesses looking to establish a strong presence in the region, and retail space for lease is a great way to do so. With a population of approximately 110,000 residents, Hillsboro offers a diverse customer base and a thriving economy driven by industries such as high-tech, healthcare, retail sales, and agriculture. The city's unique street system, centered around Main Street and First Avenue, makes it easy for customers to navigate and access various retail locations. Additionally, Hillsboro's proximity to Portland, located just 17 miles west, provides access to a larger market and a talented workforce. The city is also home to many notable companies, including Intel, Synopsys, Epson, and Salesforce, which contribute to its strong economy.
With 24 retail spaces for lease available, Hillsboro offers a range of options for businesses looking to establish a presence in the area. These retail spaces vary in size, with average annual rents ranging from $19 USD to $27 USD per square foot, and sizes ranging from 345 to 37,333 square feet. In addition to retail spaces, Hillsboro also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants in Hillsboro benefit from the city's strong economy and diverse population, while medical offices take advantage of the city's healthcare industry. Office spaces in Hillsboro, meanwhile, are often occupied by companies in the high-tech and manufacturing sectors. Overall, Hillsboro's diverse economy and range of property types make it an attractive destination for businesses looking to establish a strong presence in the region.
What is the average cost per square foot for retail space in Hillsboro?
The average cost per square foot for retail space in Hillsboro is $27 USD per square foot, with an average size of 4,027 square feet and a maximum space size of 37,333 square feet, among the 24 available listings of retail space for lease in the area.
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 Hillsboro, Oregon, as they attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, potentially driving up lease prices and making it more competitive for smaller retailers to secure a lease, especially in popular areas like Downtown Hillsboro or Orenco.
