The typical asking rate per listing is in the $20's per square foot per year. The Historic Montford submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $25 per sqft per year.
In the last 90 days, 14 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Historic Montford 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 980 sqft. Most buildings in this region are close to 4 stories. Most buildings in this region were built in 1910 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Historic Montford residents. Commuting close to 30 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 Historic Montford.
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