On average, listings lease in the $50's per square foot per year. The Uptown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 11% decline in rent.
In the last 90 days, 363 listings have been listed, so you'll want to check back regularly for new listings. About 12% of the listings in the Uptown 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.
Even though the median size is 3,330 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 9 stories. Most buildings in this area were built in 1946 and are Class B.
This market is fairly equally mixed residential and commercial. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Uptown residents. Commuting approximately 20 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 Uptown.
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