On average, listings lease in the $10's per square foot per year. The Central City submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 26% decrease in rent.
In the last 90 days, 131 listings have been listed, so you'll want to check back regularly for new listings. About 44% of the office spaces in the Central City 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 2,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1976 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the occupants of Central City work from home. Commuting close to 15 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 Central City.
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