The typical asking rate per listing is in the $20's per square foot per year. The Near Northeast submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
In the last 90 days, 27 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,780 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1962 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 market. Most of the residents of Near Northeast work from home. Commuting around 15 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 Near Northeast.
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