On average, listings lease in the $20's per square foot per year. The Historic Montford region is seeing a a boost in rates. In the last 3 months, the median rate increased $25 per sqft per year.
In the last 90 days, 14 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Historic Montford are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 980 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1910 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Historic Montford occupants. Commuting around 30 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 Historic Montford.
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