The typical asking rate per listing is in the $10's per square foot per year. The East Colorado Springs submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 447 listings have come on the market, so you'll want to check back regularly for new listings. About 19% of the available leases in the East Colorado Springs 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 330 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst East Colorado Springs residents. 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 East Colorado Springs.
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