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On average, commerial real estate listings lease in the $10's per square foot per year. The South Gate submarket is going through a an increase in rates. In the last 3 months, the median rate for lease went up $18 per sqft per year.
Compared to the rest of the Greater Baltimore commercial real estate market, the South Gate region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 180 days, 34 commercial real estate listings have been posted online, which means new listings most likley are 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 posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,150 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built around 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Gate residents. Commuting around an hour and a half 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 South Gate.
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