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Most commerial real estate listings for lease are in the $10's per square foot per year. The Cherry Hill region is going through a a boost in rates. In the last 3 months, the median rate for lease rose $14 per sqft per year.
In the last 180 days, 11 commercial real estate listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 size for office space in this area is around 1,450 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built around 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Cherry Hill folk. Commuting around 15 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 Cherry Hill.
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