The typical asking rate per listing is in the $20's per square foot per year. The Transit Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 18 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1977 and are Class A.
This region is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Most of the residents of Transit Village work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.