Spenard Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Spenard Rates

On average, listings lease in the $30's per square foot per year. The Spenard region is seeing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 18% increase in rent.

Spenard Listing Supply

In the last 90 days, 8 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Spenard are subleases, so you might be able to snag a great spot on a short term. 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 10,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region were built in 1979 and are Class B.

Spenard Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Spenard residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.