City Center Industrial

We couldn't find any industrial spaces for Lease and Sublease

City Center

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
1,500
As of: July 27, 2017

City Center Rates

The typical asking rate per listing is in the $50's per square foot per year. The City Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $106 per sqft per year. That's a 67% decline in rent.

Compared to the rest of the Gold Coast market, the City Center submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

City Center Listing Supply

In the last 90 days, 4 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the City Center are subleases, so you might be able to snag a great spot on a short term. 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 1,500 sqft. Most properties in this market are around 5 stories. Most buildings in this region were built in 1959 and are Class A.

City Center 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 City Center residents. Commuting between 30 and 45 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 City Center.
Market Report

Market Data

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

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