University Park - South Downtown Retail

University Park - South Downtown

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
7,470

University Park - South Downtown Rates

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.

University Park - South Downtown Listing Supply

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.

University Park - South Downtown Community

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.

Market Data

Real time and historical data on commercial real estate listings in University Park - South Downtown.
Research