On average, listings lease in the $10's per square foot per year. The Berea submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% rise in rent.
In the last 90 days, 7 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 29% of the available space in the Berea are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 270 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1976 and are Class B.
Real time and historical data on commercial real estate listings in Berea.
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