Most listings are in the $10's per square foot per year. The Phillips Ave submarket is going through a a rise in rates. In the last 3 months, the median rate went up $18 per sqft per year.
In the last 90 days, 0 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Phillips Ave are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 41,650 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Phillips Ave folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.