On average, listings lease in the $10's per square foot per year. The Orchard South submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 26% decline in rent.
In the last 90 days, 7 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. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 2007 and are Class A.
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 market. Commute by walking is the most popular way to get to work amongst Orchard South folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.