The typical asking rate per listing is in the $10's per square foot per year. The Tompkins County submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 34 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Tompkins County 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 12 floors. Most buildings in this region were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Tompkins County.
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