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On average, commerial real estate listings lease in the $10's per square foot per year. The McKinney region is seeing a a boost in rates. In the last 3 months, the median rate for lease rose $19 per sqft per year.
Compared to the rest of the Greater Austin commercial real estate market, the McKinney submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 23 commercial real estate listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the available commercial real estate space in the McKinney 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 available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,910 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built around 1984 and are Class B.
A large portion of this market is residential, but there's plenty of office space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst McKinney 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 McKinney.
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