Downtown Jewel Commercial Real Estate

Downtown Jewel

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
700

Downtown Jewel Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Jewel region is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 49% increase in rent.

Compared to the rest of the Gold Coast market, the Downtown Jewel submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Downtown Jewel Listing Supply

In the last 90 days, 11 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 64% of the available space in the Downtown Jewel 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 700 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1950 and are Class C.

Downtown Jewel Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Downtown Jewel occupants. Commuting close to 20 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 Downtown Jewel.
Research