Most listings are in the $20's per square foot per year. The Historic Montford submarket is going through a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
In the last 90 days, 14 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Historic Montford are subleases, so you will probably have to consider a longer term 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 980 sqft. Most properties in this region are close to 4 floors. Most buildings in this region were built in 1910 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Historic Montford folk. Commuting around 30 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 Historic Montford.
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