The typical asking rate per listing is in the $10's per square foot per year. The Arena region is seeing a decline in rates. In the last 3 months, the median rate fell $49 per sqft per year. That's a 73% decline in rent.
In the last 90 days, 33 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Arena are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 14,430 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1948 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Arena occupants. Commuting approximately 30 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 Arena.
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