On average, listings lease in the $20's per square foot per year. The Riverside region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 21 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,490 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1918 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Riverside residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.