The typical asking rate per listing is in the $20's per square foot per year. The Chestnut Hills region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 1 listings have been listed, which means new availabilities 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,710 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 2000 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Chestnut Hills residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.