City Central Industrial

City Central

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,440
As of: May 20, 2017

City Central Rates

Most listings are in the $20's per square foot per year. The City Central region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.

City Central Listing Supply

In the last 90 days, 18 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the City Central 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 1,440 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1973 and are Class A.

City Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the residents of City Central work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Central.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Central.
Research