The typical asking rate per listing is in the $10's per square foot per year. The Downtown Elkhart region is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 14% rise in rent.
In the last 90 days, 26 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the listings in the Downtown Elkhart 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.
Even though the median size is 4,860 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1915 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Elkhart occupants. Commuting more than an hour and a half 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 Elkhart.
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