The typical asking rate per listing is in the $10's per square foot per year. The Downtown Redding region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 102 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Downtown Redding are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,780 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1983 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Redding occupants. Commuting between 30 and 45 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 Downtown Redding.
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