On average, listings lease in the $10's per square foot per year. The Tompkins County region is going through a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 34 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Tompkins County 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 12 floors. Most buildings in this area were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Tompkins County.
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