On average, listings lease in the $10's per square foot per year. The E. E. Smith submarket is going through a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 34 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the listings in the E. E. Smith 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.
Even though the median size is 2,730 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst E. E. Smith residents. Commuting close to 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 E. E. Smith.
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