Most listings are in the $40's per square foot per year. The Downtown Rockford region is experiencing a an increase in rates. In the last 3 months, the median rate rose $28 per sqft per year. That's a 148% increase in rent.
In the last 90 days, 30 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Downtown Rockford 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 available, so finding a space for a small business might be tough.
Even though the median size is 17,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1918 and are Class Class B.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Rockford folk. 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 Downtown Rockford.
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