Olivette Industrial

Olivette

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,120

Olivette Rates

The typical asking rate per listing is in the $20's per square foot per year. The Olivette submarket is going through a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 46% increase in rent.

Olivette Listing Supply

In the last 90 days, 35 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the office spaces in the Olivette 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,120 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1988 and are Class A.

Olivette Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Olivette folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Olivette.
Research