The typical asking rate per listing is in the $10's per square foot per year. The Farmington submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 29% decrease in rent.
In the last 90 days, 18 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Farmington 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 2,700 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 2008 and are Class B.
Real time and historical data on commercial real estate listings in Farmington.
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