Reading, Pennsylvania, is a city that offers a unique blend of history, culture, and commerce, making it an ideal location for retail space. With a diverse population of around 90,000, Reading provides a strong customer base for businesses. The city's rich history in the transportation of anthracite coal and its role in the iron industry during the American Revolution have contributed to its growth and development. Today, Reading is a hub for retail, manufacturing, and transportation, with major corporations like Boscov's, EnerSys, and Penske Truck Leasing calling the city home. The city's infrastructure, including the Berks Area Regional Transportation Authority (BARTA) and the Reading Regional Airport, makes it easily accessible to customers and suppliers alike. Additionally, the city's amenities, such as the Pagoda on Mount Penn and the GoggleWorks Center for the Arts, attract visitors and locals alike, creating a thriving retail environment. With 22 retail spaces for lease, business owners can find the perfect location to establish or grow their business.
Reading's retail spaces offer a range of options, from small boutiques to large commercial centers. With average annual rents ranging from $11 USD to $15 USD per square foot, businesses can find a space that fits their budget. The average size of retail spaces in Reading is around 14,266 square feet, with options ranging from 1,000 to 175,000 square feet. In addition to retail spaces, Reading is also home to a range of other commercial properties, including restaurants, medical offices, and office spaces. Restaurants in Reading offer a diverse range of cuisines, from traditional American fare to international flavors. Medical offices in the city provide a range of healthcare services, from primary care to specialized treatments. Office spaces in Reading are ideal for businesses looking to establish a presence in the city, with options ranging from small suites to large commercial centers. With its unique blend of history, culture, and commerce, Reading is an ideal location for businesses looking to establish or grow their presence.
What is the average cost per square foot for retail space in Reading?
The average cost per square foot for retail space in Reading is $15 USD per square foot, with available listings totaling 22 and average space sizes ranging from 14,266 square feet to 175,000 square feet.
How do anchor tenants affect surrounding retail space leases?
In Reading, Pennsylvania, anchor tenants, such as department stores or supermarkets, have a significant impact on surrounding retail space leases, as they attract a high volume of foot traffic and create a draw for other businesses, resulting in increased demand and higher lease rates for nearby retail spaces, with 22 available listings, averaging $15 USD per square foot, and ranging in size from 14,266 square feet to 175,000 square feet.
