The typical asking rate per listing is in the $30's per square foot per year. The Plaza Terrace region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Tampa Bay market, the Plaza Terrace submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 65 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Plaza Terrace are subleases, so you will probably have to consider a longer term lease. 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 5,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this region were built in 1986 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Plaza Terrace residents. Commuting close to 20 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 Plaza Terrace.
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