On average, listings lease in the $40's per square foot per year. The Red Lion region is seeing a an increase in rates. In the last 3 months, the median rate went up $47 per sqft per year.
In the last 90 days, 24 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 42% of the office spaces in the Red Lion 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 23,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1929 and are Class B.
Real time and historical data on commercial real estate listings in Red Lion.
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