On average, listings lease in the $10's per square foot per year. The Wellington Heights submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.
In the last 90 days, 38 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,030 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1965 and are Class A.
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 region. Most of the residents of Wellington Heights work from home. 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 Wellington Heights.
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