The typical asking rate per listing is in the $10's per square foot per year. The Forest City submarket is seeing a decline in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 50% decrease in rent.
In the last 90 days, 13 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available space in the Forest City are subleases, so you might be able to snag a great spot on a short term. 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 1,800 sqft. Most buildings in this market are close to 1 floors. Most buildings in this region were built in 2005.
Real time and historical data on commercial real estate listings in Forest City.
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