Glen Iris Industrial

Glen Iris

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
3,430
As of: July 23, 2017

Glen Iris Rates

The typical asking rate per listing is in the $10's per square foot per year. The Glen Iris region is going through a decrease in rates. In the last 3 months, the median rate decreased $52 per sqft per year. That's a 77% decline in rent.

Glen Iris Listing Supply

In the last 90 days, 16 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the office spaces in the Glen Iris 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,430 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1982 and are Class B.

Glen Iris Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Glen Iris residents. 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 Report

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

Market Data

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