The typical asking rate per listing is in the $10's per square foot per year. The New Albany region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 21% decrease in rent.
In the last 90 days, 116 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the office spaces in the New Albany are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 950 sqft. Most buildings in this region are close to 1 stories. Most buildings in this market were built in 1893 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the occupants of New Albany work from home. Commuting close to an hour 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 New Albany.
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