On average, listings lease in the $20's per square foot per year. The Capitol Area submarket is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.
In the last 90 days, 33 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Capitol Area 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,960 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1966 and are Class C.
Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Capitol Area occupants. Commuting under 5 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 Capitol Area.
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