Capitol Area Office Space

Capitol Area

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,960

Capitol Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Capitol Area region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.

Capitol Area Listing Supply

In the last 90 days, 33 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Capitol Area are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,960 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1966 and are Class C.

Capitol Area Community

Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Capitol Area occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Capitol Area.
Research