The typical asking rate per listing is in the $10's per square foot per year. The Park Towne region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 190 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available leases in the Park Towne are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,660 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1983 and are Class B.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Park Towne occupants. Commuting approximately 15 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 Park Towne.
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