The typical asking rate per listing is in the $20's per square foot per year. The Oakland Forest region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Gold Coast market, the Oakland Forest region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 19 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Oakland Forest 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,650 sqft. Most buildings in this area were built in 1986 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of Oakland Forest work from home. Commuting around 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 Oakland Forest.
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