New Albany Industrial

New Albany

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,750
As of: July 19, 2017

New Albany Rates

The typical asking rate per listing is in the $20's per square foot per year. The New Albany region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 33% increase in rent.

New Albany Listing Supply

In the last 90 days, 5 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 120% of the office spaces in the New Albany 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 1,750 sqft. Most properties in this region are around 1 floors. Most buildings in this region 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 market. Most of the folk of New Albany work from home. Commuting around 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