Racine, Wisconsin, is a city that offers a unique blend of industrial heritage and cultural attractions, making it an ideal location for businesses looking to establish a strong presence. With a diverse range of industries, including heavy equipment manufacturing, cleaning and chemical products, and heat exchangers, Racine provides a fertile ground for businesses to thrive. The city's infrastructure, including the Racine Fire Department, Racine Police Department, and Belle Urban System, ensures a safe and efficient environment for businesses to operate. Additionally, Racine's proximity to major transportation facilities, such as Batten International Airport, Amtrak's Hiawatha Line, and Metra's Union Pacific/North Line, makes it easily accessible to customers and suppliers. With a strong economy and a rich cultural scene, Racine is an attractive location for businesses looking to lease retail space.
Racine's retail space market is characterized by a diverse range of options, with 12 listings available for lease. The average annual rent per square foot is $15 USD, with a minimum of $12 USD and a maximum of $26 USD. The average size of retail space available for lease is 6,293 square feet, with a minimum of 1,004 square feet and a maximum of 56,000 square feet. In addition to retail space, Racine also offers a range of other property types, including restaurants, medical offices, and office space. Restaurants in Racine benefit from the city's strong tourism industry, with attractions like the Wind Point Lighthouse and the Racine Symphony Orchestra drawing visitors from across the region. Medical offices in Racine are well-positioned to serve the city's population of around 80,000, while office space in Racine offers a range of options for businesses looking to establish a presence in the city. Overall, Racine's retail space market offers a unique combination of affordability, accessibility, and cultural attractions, making it an attractive location for businesses looking to lease retail space.
What is the average cost per square foot for retail space in Racine?
For retail space in Racine, the average annual rent per square foot is $15 USD, with an average size of 6,293 square feet and a maximum space size of 56,000 square feet available among the 12 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant, such as a department store or grocery store, can significantly impact the surrounding retail space leases in Racine, Wisconsin, as they often 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 12 available listings, averaging $15 USD per square foot, and ranging in size from 6,293 square feet to 56,000 square feet.
