Pharr, Texas, a city located in southern Hidalgo County, offers a unique blend of cultural and economic opportunities, making it an ideal location for Retail Space For Lease. With its proximity to the Mexican city of Reynosa, connected by the Pharr-Reynosa International Bridge, Pharr has experienced significant population growth and has become a hub for trade and commerce. The city's infrastructure is well-supported by key components such as Pharr City Hall, the Texas Department of Transportation's Pharr District Office, and the Pharr Post Office operated by the United States Postal Service. Additionally, Pharr is part of the McAllen-Edinburg-Mission and Reynosa-McAllen metropolitan areas, providing further connections to these major regions. The city's economy is supported by various industries, including agriculture, trade, and healthcare, making it an attractive location for businesses looking to establish a presence in the area.
With 46 Retail Space listings available For Lease, Pharr offers a range of options for businesses looking to establish a presence in the area. The average annual rent per square foot is $21 USD, with spaces ranging in size from 620 square feet to 85,377 square feet. In addition to Retail Space, Pharr also offers a range of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and opportunities. For example, Restaurants in Pharr can take advantage of the city's vibrant arts scene, with annual events like the Tejano Music Festival and the Pharr Cultural Arts Festival. Medical Offices can benefit from the city's strong healthcare industry, with major employers like the Pharr-San Juan-Alamo Independent School District and the University of Texas Rio Grande Valley. Office Space in Pharr can tap into the city's growing economy, with major corporations like H-E-B and international shipping companies. Overall, Pharr offers a unique blend of cultural and economic opportunities, making it an attractive location for businesses looking to establish a presence in the area.
What is the average cost per square foot for retail space in Pharr?
The average cost per square foot for retail space in Pharr is $21 USD per square foot, with available listings totaling 46 and average space sizes ranging from 5,241 square feet to 85,377 square feet.
How do anchor tenants affect surrounding retail space leases?
In Pharr, Texas, anchor tenants, such as large retail stores or restaurants, can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a desirable shopping environment, which can lead to higher demand and rental rates for nearby retail spaces, with 46 available listings, averaging $21 USD per square foot, and ranging in size from 5,241 square feet to 85,377 square feet.
