On average, listings lease in the $10's per square foot per year. The Tompkins County submarket is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 34 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the office spaces in the Tompkins County 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,170 sqft. Most buildings in this region are around 12 floors. Most buildings in this region were built in 1985 and are Class A.
Real time and historical data on commercial real estate listings in Tompkins County.
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