New Albany Industrial

New Albany

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,000
As of: August 17, 2017

New Albany Rates

Most listings are in the $10's per square foot per year. The New Albany submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 17% rise in rent.

New Albany Listing Supply

In the last 90 days, 5 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 300% of the available leases in the New Albany are subleases, so you might be able to find a shorter term or below market rent. 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 1,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 0 and are Class Class B.

New Albany Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the folk of New Albany work from home. Commuting approximately an hour 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 New Albany.
Market Report

Market Data

Real time and historical data on commercial real estate listings in New Albany.
Research

New Albany Submarkets