Elmwood Area Retail

Elmwood Area

Market Report

Number of Listings
Posted in the last 90 days
17
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
440

Elmwood Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Elmwood Area submarket is going through a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 39% rise in rent.

Elmwood Area Listing Supply

In the last 90 days, 71 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the office spaces in the Elmwood Area 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 440 sqft. Most buildings in this region were built in 1981 and are Class B.

Elmwood Area Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of Elmwood Area work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Elmwood Area.
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