Central Business District Office Space

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,200
As of: May 20, 2017

Central Business District Rates

On average, listings lease in the $10's per square foot per year. The Central Business District region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

Central Business District Listing Supply

In the last 90 days, 19 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 11% of the office spaces in the Central Business District are subleases, so you might be able to find a shorter term or below market rent. 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 3,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region 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 market. 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