On average, listings lease in the $40's per square foot per year. The Upper Eastside region is seeing a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.
Compared to the rest of the Gold Coast market, the Upper Eastside region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Upper Eastside are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,840 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1965 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 market. Commute by bike is the most popular way to get to work amongst Upper Eastside occupants. Commuting close to 20 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 Upper Eastside.
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