Central Business District Office Space

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,520
As of: February 26, 2017

Central Business District Rates

Most listings are in the $20's per square foot per year. The Central Business District region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 16% decline in rent.

Central Business District Listing Supply

In the last 90 days, 16 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,520 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1927 and are Class B.

Central Business District Community

A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting around an hour 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 Central Business District.
Market Report

Market Data

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