The typical asking rate per listing is in the $10's per square foot per year. The Wells Avenue Neighborhood submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
In the last 90 days, 11 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Wells Avenue Neighborhood 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 4,570 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1979 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Wells Avenue Neighborhood folk. Commuting under 5 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 Wells Avenue Neighborhood.
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