The typical asking rate per listing is in the $10's per square foot per year. The Cumberland Mills region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the listings in the Cumberland Mills 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,150 sqft. Most properties in this area are approximately 1 floors. Most buildings in this region were built in 1917 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cumberland Mills folk. 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 Cumberland Mills.
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