Most listings are in the $30's per square foot per year. The University Park - South Downtown region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 230 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the available leases in the University Park - South Downtown 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.
Even though the median size is 7,010 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this market were built in 1956 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst University Park - South Downtown residents. Commuting approximately an hour 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 University Park - South Downtown.
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