On average, listings lease in the $40's per square foot per year. The Park Place submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $42 per sqft per year.
In the last 90 days, 25 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the Park Place are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 2008 and are Class A.
Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Park Place residents. Commuting more than 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 Park Place.
Get email notifications when new listings are posted that match your requirements.