Syracuse, a city with a rich history and diverse economy, is an attractive 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 unique blend of small-town charm and big-city amenities. The city's strategic location at the intersection of Interstates 81 and 90 makes it an ideal hub for transportation and commerce. Syracuse is also home to several prominent institutions, including Syracuse University, SUNY Upstate Medical University, and Le Moyne College, which contribute to the city's vibrant cultural and educational landscape. With a strong presence of major employers like State University of New York Upstate Medical University, Syracuse University, and Wegmans Food Markets, Syracuse is an excellent location for businesses looking to tap into a skilled and educated workforce. The city's diverse neighborhoods, each with its own unique character, offer a range of amenities and attractions, from the bustling Armory Square to the scenic Onondaga Park.
For businesses looking to establish a retail presence in Syracuse, there are currently 48 retail spaces for lease, offering a range of options to suit different needs and budgets. With average annual rents ranging from $7 USD to $21 USD per square foot, and spaces ranging in size from 331 to 97,478 square feet, there's something for everyone. In addition to retail spaces, Syracuse also offers a range of other commercial properties, including restaurants, medical offices, and office spaces, each with its own unique advantages and opportunities. Whether you're looking to establish a new business or expand an existing one, Syracuse offers a unique combination of amenities, infrastructure, and economic opportunities that make it an attractive location for businesses of all kinds.
What is the average cost per square foot for retail space in Syracuse?
The average annual rent per square foot for retail space in Syracuse is $21 USD per square foot, with an average size of 8,762 square feet and a maximum space size of 97,478 square feet available among the 48 listings currently on the market.
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 Syracuse, as they attract a high volume of foot traffic and create a hub of activity, making the surrounding retail spaces more desirable and potentially increasing lease rates, with 48 available listings of retail space in Syracuse, including options ranging from 8,762 square feet to 97,478 square feet, and an average annual rent of $21 USD per square foot.
