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The typical asking rate per commerial real estate listing leases is in the $10's per square foot per year. The Colonial Town Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate for lease increased $16 per sqft per year.
Compared to the rest of the Orlando commercial real estate market, the Colonial Town Center submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 111 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available commercial real estate space in the Colonial Town Center are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 3,530 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built around 1984 and are Class B.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Colonial Town Center folk. Commuting close to 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 Colonial Town Center.
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