On average, listings lease in the $20's per square foot per year. The Nor Este submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year.
In the last 90 days, 16 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,360 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1978 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Nor Este folk. Commuting between 20 and 25 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 Nor Este.
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