Most listings are in the $10's per square foot per year. The Forest City region is experiencing a decline in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 50% decline in rent.
In the last 90 days, 13 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 31% of the office spaces in the Forest City are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 2005.
Real time and historical data on commercial real estate listings in Forest City.
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