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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Terre Haute region is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $20 per sqft per year.
In the last 90 days, 25 commercial real estate listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the commercial real estate listings in the Terre Haute are subleases, so you will probably have to consider a longer term lease. 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 2,200 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built approximately 1975 and are Class A.
Real time and historical data on commercial real estate listings in Terre Haute.
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