Savannah, Georgia, is a city that seamlessly blends history and modernity, making it an attractive location for businesses and individuals alike. With its rich cultural heritage, picturesque parks, and cobblestone streets, Savannah is an ideal place to set up a retail space for lease. The city's strategic location, situated about 20 miles from the Atlantic Ocean, makes it a prime hub for trade and commerce. The Savannah/Hilton Head International Airport, Amtrak's passenger terminal, and the Georgia Queen and Savannah River Queen paddle steamers provide easy access to the city, while the Interstate 95, Interstate 16, and Interstate 516 ensure seamless connectivity to the surrounding regions. The city's diverse neighborhoods, including the Landmark Historic District, Victorian District, and Midtown, offer a unique blend of old-world charm and modern amenities, making it an attractive location for retail businesses.
With 108 retail spaces available for lease, Savannah offers a wide range of options for businesses looking to establish a presence in the city. The average annual rent per square foot is $34 USD, with the smallest annual rent per square foot being $11 USD. The average size of retail spaces available for lease is 3,554 square feet, with the maximum space size being 52,960 square feet and the smallest being 600 square feet. In addition to retail spaces, Savannah also offers a range of other property types, including restaurants, medical offices, and office spaces. For instance, the city is home to several restaurants, including the Olde Pink House and the 17Hundred90 Inn and Restaurant, which offer a unique dining experience. Medical offices, such as the Memorial University Medical Center, provide access to quality healthcare services. Office spaces, like the ones available at the Savannah Morning News building, offer a range of options for businesses looking to establish a presence in the city. Overall, Savannah's unique blend of history, culture, and modern amenities makes it an attractive location for businesses and individuals alike.
What is the average cost per square foot for retail space in Savannah?
The average cost per square foot for retail space in Savannah is $34 USD per square foot, with an average size of 3,554 square feet and a maximum space size of 52,960 square feet available among the 108 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, have a significant impact on surrounding retail space leases in Savannah, as they attract a high volume of foot traffic and create a hub of activity, making the surrounding retail spaces more desirable and increasing their lease rates, with the average annual rent per square foot being $34 USD and average size being 3,554 square feet, and maximum space size being 52,960 square feet, as seen in the 108 available listings of retail space for lease in the area.
