Riverside, California, is a prime destination for businesses looking to establish a strong presence in the Inland Empire metropolitan area. With its rich history, diverse landscape, and strong economy, Riverside is an ideal location for retail spaces for lease. The city's unique blend of history, culture, and natural beauty attracts a population of around 315,000, making it an attractive location for businesses looking to tap into a large and diverse customer base. Riverside is home to several major institutions, including the University of California, Riverside, and various attractions like the California Citrus State Historic Park and the Fox Performing Arts Center. The city's infrastructure is well-developed, with city-owned utilities, public services, and major transportation facilities like the Interstate 215 and State Route 60. Additionally, Riverside is home to several major corporations, including Bourns, Inc., an American electronics company.
Riverside offers a diverse range of retail spaces for lease, with 75 listings available. These retail spaces offer an average annual rent of $24 USD per square foot, with an average size of 7,034 square feet and a maximum space size of 73,370 square feet. In addition to retail spaces, Riverside also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants in Riverside can take advantage of the city's thriving food scene, while medical offices can benefit from the city's strong healthcare industry. Office spaces in Riverside offer a range of amenities, including proximity to major transportation facilities and access to a highly educated workforce. With its strong economy, diverse landscape, and rich history, Riverside is an ideal location for businesses looking to establish a strong presence in the Inland Empire metropolitan area.
What is the average cost per square foot for retail space in Riverside?
The average cost per square foot for retail space in Riverside is $24 USD per square foot, with an average size of 7,034 square feet and a maximum space size of 73,370 square feet, among the 75 available listings of retail space for lease in the area.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or supermarkets, can significantly impact surrounding retail space leases in Riverside, where there are currently 75 available listings, by driving foot traffic and attracting customers to the area, thereby increasing the desirability and rental value of nearby retail spaces, which average $24 USD per square foot and range in size from 7,034 square feet to 73,370 square feet.
