Downtown Retail - Fall 2017

Downtown retailers, especially along Main Street, are holding their own, despite challenges presented by the nagging problem of panhandlers and other issues. What vacancies that do occur, for the most part, are filled relatively quickly – with the best buildings and locations commanding the highest level of attention. As in every market, quality product and locations command the highest rental rates. Downtown, storefront rental rates range from $30 per square foot to $55 per square foot, while less desirable locations and older structures are fetching rents in the mid-$20 per square foot range.