On average, listings lease in the $0's per square foot per year. The Oak Square submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $56 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 960 sqft. Most properties in this region are around 6 floors. Most buildings in this region were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Oak Square occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.