The typical asking rate per listing is in the $20's per square foot per year. The Lutz submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 30 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings in the Lutz are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,500 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1981 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lutz occupants. Commuting under 5 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 Lutz.
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