The typical asking rate per listing is in the $10's per square foot per year. The Shelard Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 6 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Shelard Park 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 available, so finding a space for a small business might be tough.
Even though the median size is 33,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 10 stories. Most buildings in this market were built in 1980 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Shelard Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.