On average, listings lease in the $30's per square foot per year. The Park Shore submarket is going through a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 41% rise in rent.
In the last 90 days, 27 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 15% of the available space in the Park Shore are subleases, so you might be able to sign a shorter term by taking over a previous 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 5,550 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Park Shore 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 Park Shore.
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