Most listings are in the $40's per square foot per year. The Lower State submarket is seeing a decline in rates. In the last 3 months, the median rate fell $26 per sqft per year. That's a 37% decrease in rent.
In the last 90 days, 40 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Lower State 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.
The standard measurement for office space in this area is around 2,030 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1926 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 area. Most of the occupants of Lower State work from home. Commuting around an hour and a half 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 Lower State.
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