On average, listings lease in the $10's per square foot per year. The Downtown Argenta submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decline in rent.
In the last 90 days, 9 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 740 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Argenta residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.