On average, listings lease in the $10's per square foot per year. The Chestnut Heights, Princess Place & Princess Place Drive submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year.
In the last 90 days, 11 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the office spaces in the Chestnut Heights, Princess Place & Princess Place Drive 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 1,500 sqft. Most properties in this region are approximately 1 floors. Most buildings in this region were built in 1973 and are Class B.
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 market. Most of the residents of Chestnut Heights, Princess Place & Princess Place Drive work from home. Commuting close to 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 Chestnut Heights, Princess Place & Princess Place Drive.
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