The typical asking rate per listing is in the $10's per square foot per year. The Glen Iris region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 22% rise in rent.
In the last 90 days, 114 listings have come on the market, so you'll want to check back regularly for new listings. About 23% of the office spaces in the Glen Iris are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 790 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Glen Iris occupants. Commuting more than an hour and a half 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 Glen Iris.
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