Spenard Industrial

Spenard

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,400
As of: July 27, 2017

Spenard Rates

The typical asking rate per listing is in the $10's per square foot per year. The Spenard submarket is seeing a decline in rates. In the last 3 months, the median rate fell $25 per sqft per year. That's a 62% decrease in rent.

Spenard Listing Supply

In the last 90 days, 1 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Spenard are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 measurement for office space in this area is around 2,400 sqft. Most properties in this region are around 4 stories. Most buildings in this area were built in 1982 and are Class A.

Spenard 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 region. Commute by car is the most popular way to get to work amongst Spenard residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Spenard.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Spenard.
Research