On average, listings lease in the $30's per square foot per year. The Olympus Pointe submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Greater Sacramento market, the Olympus Pointe region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 151 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Olympus Pointe are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,560 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 2000 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Olympus Pointe residents. Commuting approximately 30 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 Olympus Pointe.
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