Most listings are in the $10's per square foot per year. The Riverview submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 29% decline in rent.
In the last 90 days, 18 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 22% of the listings in the Riverview are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Riverview folk. Commuting under 5 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 Riverview.
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