Lower State Commercial Real Estate

Lower State

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
1,000

Lower State Rates

The typical asking rate per listing is in the $40's per square foot per year. The Lower State submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $27 per sqft per year. That's a 38% decline in rent.

Lower State Listing Supply

In the last 90 days, 40 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Lower State are subleases, so you will probably have to focus your search on direct office leases. 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 1,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1926 and are Class A.

Lower State Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the occupants of Lower State work from home. Commuting approximately an hour and a half 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 Lower State.
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