On average, listings lease in the $20's per square foot per year. The Duckpond submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 28% increase in rent.
In the last 90 days, 10 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Duckpond are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 630 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1988.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Duckpond occupants. Commuting close to 10 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 Duckpond.
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