On average, listings lease in the $10's per square foot per year. The New Centre submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the New Centre are subleases, so you might be able to find a shorter term or below market rent. 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 1,670 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 2005 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst New Centre residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.