The typical asking rate per listing is in the $30's per square foot per year. The University Park - South Downtown submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
In the last 90 days, 230 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the listings in the University Park - South Downtown are subleases, so you might be able to find a shorter term or below market rent. 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 5,050 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this region were built in 1956 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst University Park - South Downtown folk. Commuting close to an hour 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 University Park - South Downtown.
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