The typical asking rate per listing is in the $20's per square foot per year. The The Octotillo submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.
In the last 90 days, 15 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the The Octotillo are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 12,860 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst The Octotillo occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in The Octotillo.
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