Most listings are in the $10's per square foot per year. The Memorial Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 129 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available leases in the Memorial Park 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.
The standard measurement for office space in this area is around 750 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1955 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Memorial Park folk. Commuting around 20 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 Memorial Park.
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