Moreno Valley, a city located in Riverside County, California, offers a unique blend of amenities, infrastructure, and geography that makes it an attractive location for businesses, particularly those looking to lease retail space. With a population of around 210,000, Moreno Valley is a thriving city that has seen significant growth and development over the years. The city's proximity to major highways, including State Route 60 and Interstate 215, makes it an ideal location for businesses that require easy access to transportation routes. Additionally, the presence of institutions such as Kaiser Permanente Community Hospital and Riverside County Regional Medical Center, as well as the Riverside County Sheriff's Department and the Riverside County Fire Department, ensures that the city has a strong foundation for public safety and healthcare. The city's diverse educational system, which includes institutions such as Moreno Valley College and Chapman University, also provides a skilled workforce for businesses to tap into.
With 37 retail spaces available for lease, Moreno Valley offers a range of options for businesses looking to establish a presence in the city. The average annual rent per square foot for retail space in Moreno Valley is $25 USD, with sizes ranging from 897 square feet to 73,370 square feet. In addition to retail space, Moreno Valley also offers a range of other property types, including restaurants, medical offices, and office space. Restaurants, such as those located in the Sunnymead neighborhood, offer a unique dining experience, while medical offices, like those found near Kaiser Permanente Community Hospital, provide essential healthcare services. Office space, such as that available in the Edgemont neighborhood, offers a range of options for businesses looking to establish a presence in the city. Overall, Moreno Valley's unique blend of amenities, infrastructure, and geography makes it an attractive location for businesses looking to lease retail space or other property types.
What is the average cost per square foot for retail space in Moreno Valley?
In Moreno Valley, the average annual rent per square foot for retail space is $25 USD, with an average size of 6,160 square feet and a maximum space size of 73,370 square feet available among the 37 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or supermarkets, can significantly impact surrounding retail space leases in Moreno Valley, California, by attracting foot traffic, increasing visibility, and driving up demand for nearby retail spaces, which can lead to higher lease rates and a more competitive market, with 37 available listings of retail space for lease, averaging $25 USD per square foot, and ranging in size from 6,160 square feet to 73,370 square feet.
