On average, listings lease in the $10's per square foot per year. The Northeast Arcadia Lakes submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 28 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Northeast Arcadia Lakes are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Northeast Arcadia Lakes folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.