Colonial Avenue Area Commercial Real Estate

Colonial Avenue Area

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,470

Colonial Avenue Area Rates

Most listings are in the $10's per square foot per year. The Colonial Avenue Area submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year.

Colonial Avenue Area Listing Supply

In the last 90 days, 14 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Colonial Avenue Area are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,470 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1961 and are Class B.

Colonial Avenue Area Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the folk of Colonial Avenue Area work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Colonial Avenue Area.
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