The typical asking rate per listing is in the $20's per square foot per year. The Colonial Townpark region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 12 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Colonial Townpark 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 20,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 5 floors. Most buildings in this area were built in 2004 and are Class A.
This region is fairly equally mixed residential and commercial. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Colonial Townpark residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.