On average, listings lease in the $30's per square foot per year. The South Valley region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
In the last 90 days, 2662 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the office spaces in the South Valley are subleases, so you will probably have to consider a longer term lease. 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 2,750 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Valley residents. Commuting between 30 and 45 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 South Valley.
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