Central Area Commercial Real Estate For Sale

Central Area

Market Report

Number of Listings For Sale
Posted in the last 90 days
4
Median Size (sqft)
160

Central Area Commercial Real Estate

Find Central Area commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Central Area commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Central Area Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Central Area submarket is experiencing a a boost in rates. In the last 3 months, the median rate for lease increased $1 per sqft per year. That's a 4% increase in rent.

Central Area Listing Supply

In the last 90 days, 144 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,310 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this market were built around 1960 and are Class A.

Central Area Community

A large portion of this area is residential, but there's plenty of office space. Manufacturing is the dominant industry in this region. Most of the folk of Central Area work from home. Commuting more than 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 Central Area.
Research