Modesto Industrial

Modesto

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,070
As of: July 25, 2017

Modesto Rates

Most listings are in the $30's per square foot per year. The Modesto region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 17% decrease in rent.

Modesto Listing Supply

In the last 90 days, 15 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 73% of the available space in the Modesto 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.

The standard measurement for office space in this area is around 2,070 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1960 and are Class B.

Modesto Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Modesto folk. Commuting approximately 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 Modesto.
Market Report

Market Data

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