On average, listings lease in the $20's per square foot per year. The Covington Central Business District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% increase in rent.
In the last 90 days, 128 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available space in the Covington Central Business District are subleases, so you will probably have to focus your search on direct office leases. 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 490 sqft. Most buildings in this market are close to 11 floors. Most buildings in this area were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Covington Central Business District residents. 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 Covington Central Business District.
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