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  2. Average retail rent per square foot in the United States12:
    • In the first quarter of 2023, the average square footage asking rent reached 22.95 U.S. dollars.
    • As of the first quarter of 2024, shopping center real estate in the West had the highest rents at 29 U.S. dollars per square foot.
    Learn more:
    The average asking rent for retail real estate in the United States increased steadily in the last decade. In the first quarter of 2023, the average square footage asking rent reached 22.95 U.S. dollars.
    www.statista.com/statistics/1270865/retail-space-re…
    The average monthly asking rent per square foot of shopping center real estate in the United States increased between 2020 and 2024. This trend was observed in all regions, with the West seeing the highest rents at 29 U.S. dollars per square foot as of the first quarter of 2024.
    www.statista.com/statistics/1200208/asking-rent-sh…
     
  3. People also ask
    How much does it cost to rent a retail space?The “good spot” in a popular shopping area might be $25 per square foot, while a less swanky location could be $10 or $11. So for 2,000 square foot of retail space, you’re looking at a potential rent cost difference of $30,000 per year ($2,500/month) in this example, based solely on location.
    What is rent per square foot?Rent per Square Foot: This is the annual or monthly rental rate applied to each square foot of a commercial space. It helps in comparing the cost of different properties regardless of their total size. This is often shortened to $/SF/YR (for annual rates) and $/SF/MO (for monthly rates).
    How do you calculate rent per square foot?Determine the Price Per Square Foot: This is usually provided by the landlord or leasing agent and represents the cost per square foot per year. Measure the Total Square Footage: This is the total area you will be renting. Calculate the Total Annual Rent: Multiply the price per square foot by the total square footage.
    What is the average asking rent for retail space in Manhattan?On 5th Ave (49th St. - 59th St.), the annual asking rent of retail space reached 2,750 U.S. dollars per square foot in the first half of 2023. Broadway & 7th Ave (42nd St. - 47th St.) had the second highest rent among Manhattan corridors, with a median asking rent of 980 U.S. dollars. Get notified via email when this statistic is updated.
    Why is rent per square foot important in commercial real estate?The calculation of rent per square foot is particularly important in commercial real estate due to the nature of how spaces are utilized and configured. This method offers a standardized metric that allows potential tenants to compare different properties efficiently.
    How much does it cost to open a retail store?Start by looking at vacant properties in the area you want to open your retail store. Most areas have an average price per square foot. For example, a store in a popular shopping center located directly in front of a busy highway may run $23 per square foot. So for 1,900 square feet, that would cost approximately $3,642 per month.
     
  4. WEBAverage rent of shopping centers in the U.S. 2020-2024, by region. The average monthly asking rent per square foot of shopping center real estate in the United States increased between...

     
  5. How To Calculate Rent Per Square Foot | Commercial Real Estate

  6. What It Costs to Rent a Retail Space - The Balance

    WEBOct 15, 2022 · Learn how to evaluate your costs and set a budget for renting a store building. Find out how to use research, comparables, and lease terms to negotiate the best deal for your business.

  7. Retail Rent Calculator - Calculator Wow

  8. WEBLearn how to calculate the cost of renting a retail space based on location, size, industry, and unit economics. Find out how to compare different options and negotiate with landlords.

  9. How to Calculate Commercial Rent - The Balance

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  21. U.S. National Industrial Report April 2024 | CommercialEdge

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