On average, listings lease in the $0's per square foot per year. The Wellington Heights submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 19 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1972 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the occupants of Wellington Heights work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.