On average, listings lease in the $10's per square foot per year. The Kensington Park submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 1 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Kensington Park 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 1,920 sqft. Most buildings in this area were built in 1987 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Kensington Park occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.