The typical asking rate per listing is in the $30's per square foot per year. The East Bayside submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 26 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the East Bayside are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 220 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1900 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst East Bayside residents. Commuting close to 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 East Bayside.
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