The typical asking rate per listing is in the $0's per square foot per year. The New Centre submarket is seeing a decline in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area 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 market. Commute by walking is the most popular way to get to work amongst New Centre occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.