On average, listings lease in the $20's per square foot per year. The Metrocenter submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 52% increase in rent.
In the last 90 days, 5 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 60% of the office spaces in the Metrocenter 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 available, so finding a space for a small business might be tough.
Even though the median size is 17,120 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this area were built in 1985 and are Class A.
Wholesale trade is the dominant industry in this market. Most of the residents of Metrocenter work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.