On average, listings lease in the $10's per square foot per year. The Morris Hill submarket is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 27% decline in rent.
In the last 90 days, 158 listings have been listed, so you'll want to check back regularly for new listings. About 23% of the listings in the Morris Hill 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 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 380 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Morris Hill folk. Commuting close to 10 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 Morris Hill.
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