Prospect Office Space

Prospect

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,200

Prospect Rates

The typical asking rate per listing is in the $10's per square foot per year. The Prospect region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.

Prospect Listing Supply

In the last 90 days, 17 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available leases in the Prospect are subleases, so you might be able to find a shorter term or below market rent. 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 1,200 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 2001 and are Class Class A.

Prospect Community

Market Data

Real time and historical data on commercial real estate listings in Prospect.
Research