The typical asking rate per listing is in the $10's per square foot per year. The Progress region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 29 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Progress are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1940 and are Class B.
Real time and historical data on commercial real estate listings in Progress.
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