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The typical asking rate per commerial real estate listing leases is in the $0's per square foot per year. The Five Points submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $16 per sqft per year.
In the last 90 days, 4 commercial real estate listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around sqft. Most buildings in this region are around 1 stories. Most buildings in this market were built close to 1973.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Five Points folk. 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 Five Points.
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