The typical asking rate per listing is in the $10's per square foot per year. The Park Towne region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 190 listings have been made available, so you'll want to check back regularly for new listings. About 13% of the available space in the Park Towne 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,660 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1983 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Park Towne folk. Commuting around 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 Park Towne.
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