Peoria, Arizona, with its growing population of around 190,000, offers a unique blend of recreational amenities, economic development, and natural landscapes, making it an attractive location for businesses and individuals alike. The city's retail space for lease provides an excellent opportunity for entrepreneurs and companies to establish a presence in this thriving community. With its proximity to Phoenix and the surrounding mountains, hills, and water bodies like Lake Pleasant, Peoria offers a diverse range of attractions and amenities, including the Peoria Sports Complex, the Peoria Center for the Performing Arts, and various parks and hospitals. The city's focus on economic development, particularly in the industrial and commercial sectors along the Loop 303 corridor, has led to the establishment of major corporations like Amkor, a semiconductor plant that has brought around 2,000 new jobs to the city.
With 38 retail spaces for lease available, Peoria offers a range of options for businesses looking to establish a presence in the area. The city's retail spaces are surrounded by a mix of amenities, including restaurants like the ones in the "P83" entertainment district, medical offices like Abrazo Arrowhead Campus and Banner Boswell Medical Center, and office spaces along the Loop 303 corridor. The average annual rent for retail spaces in Peoria is around $18 USD per square foot, with sizes ranging from 500 square feet to 33,430 square feet. Whether you're looking to establish a small boutique or a large retail store, Peoria's retail spaces for lease offer a unique opportunity to tap into the city's growing population and economy.
What is the average cost per square foot for retail space in Peoria?
The average cost per square foot for retail space in Peoria is $18 USD per square foot, with an average size of 4,981 square feet and a maximum space size of 33,430 square feet available among the 38 listings currently on the market.
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 Peoria, Arizona, as they tend to attract a high volume of foot traffic, increasing the visibility and desirability of nearby retail spaces, which can lead to higher lease rates and a more competitive market, with 38 available listings of retail space for lease, averaging $18 USD per square foot, and ranging in size from 4,981 square feet to 33,430 square feet.
