Syracuse, New York, is a prime location for businesses looking to establish a strong presence in Central New York. With a population of around 150,000 and a metropolitan area of over 660,000, Syracuse offers a diverse and educated workforce, making it an attractive location for companies in various industries. The city's infrastructure, including the Department of Public Works and the Syracuse water system, provides a solid foundation for businesses to operate efficiently. Additionally, Syracuse is home to several prominent institutions, including Syracuse University, SUNY Upstate Medical University, and Le Moyne College, which contribute to the city's economic and educational landscape. The city's proximity to major transportation hubs, such as the Syracuse Hancock International Airport and the William F. Walsh Regional Transportation Center, makes it an ideal location for businesses that require easy access to national and international markets. With a range of amenities, including the Onondaga Park and Hiawatha Lake, and a vibrant arts and culture scene, Syracuse is a great place for businesses and individuals alike. As a result, Commercial Real Estate Properties for Lease in Syracuse are in high demand, offering a unique opportunity for businesses to establish a strong presence in this thriving city.
Syracuse's Commercial Real Estate market offers a range of options for businesses, with 142 listings available for lease. The average annual rent per square foot is around $16 USD, with sizes ranging from 110 square feet to 1,611,720 square feet. In addition to Commercial Real Estate Properties, Syracuse also offers Office Space, Coworking Space, Retail Space, and Industrial Space options, each with its own unique characteristics and advantages. For example, Office Space in Syracuse is ideal for businesses that require a professional and modern work environment, while Coworking Space is perfect for startups and entrepreneurs. Retail Space in Syracuse offers a range of options, from small boutiques to large shopping centers, while Industrial Space is ideal for businesses that require warehousing and manufacturing facilities. Overall, Syracuse's Commercial Real Estate market offers a diverse range of options, making it an attractive location for businesses of all sizes and industries.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Syracuse, there are several key factors to consider, including:
- Average annual rent per square foot, which is currently $16 USD, and average space size, which is approximately 29,521 square feet, to ensure you're getting a fair deal for your business needs.
- Proximity to major transportation hubs, such as Syracuse Hancock International Airport and Interstate 81, as well as access to public services like the Department of Public Works, to ensure easy commuting and logistics for employees and customers.
- The local economy and industry trends, including the presence of major employers like State University of New York Upstate Medical University, Syracuse University, and Wegmans Food Markets, to determine the demand for your business and potential for growth.
How do I determine the right size and type of commercial property to rent for my business needs?
When determining the right size and type of commercial property to rent for your business needs in Syracuse, it's essential to consider factors such as the number of employees, equipment, and inventory requirements, as well as the desired location and amenities. With 142 available listings of commercial real estate for lease in Syracuse, you'll want to narrow down your options by identifying your specific needs and priorities.
- Assess your business's spatial requirements by calculating the square footage needed per employee, taking into account workstations, common areas, and storage needs. For example, if you're looking for a space with 29,521 square feet, you'll want to consider properties that offer a similar size range.
- Consider the type of commercial property that best suits your business, such as office, retail, industrial, or warehouse space, and look for properties that offer the necessary amenities, such as parking, loading docks, or proximity to public transportation.
- Research the local market to determine the average annual rent per square foot, which is currently $16 USD in Syracuse, and factor this into your budget to ensure you're getting the best value for your business.
