Most listings are in the $10's per square foot per year. The Ithaca submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 52% decrease in rent.
In the last 90 days, 22 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Ithaca are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,800 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 12 stories. Most buildings in this market were built in 1978 and are Class A.
Real time and historical data on commercial real estate listings in Ithaca.
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