Most listings are in the $40's per square foot per year. The Five Points submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 105 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the available space in the Five Points 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.
Even though the median size is 3,810 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1933 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Five Points residents. Commuting between 30 and 45 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 Five Points.
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