On average, listings lease in the $0's per square foot per year. The Sommerset West - Elmonica North region is experiencing a decrease in rates. In the last 3 months, the median rate fell $31 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 0 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the office spaces in the Sommerset West - Elmonica North are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this region are around 1 stories. Most buildings in this market were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of Sommerset West - Elmonica North work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.