Capitol Area Office Space

Capitol Area

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,140
As of: December 2, 2016

Capitol Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Capitol Area region is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

Capitol Area Listing Supply

In the last 90 days, 4 listings have been posted online, 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 2,900 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1965 and are Class C.

Capitol Area Community

This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Capitol Area occupants. Commuting under 5 minutes 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 Capitol Area.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Capitol Area.
Research