Lower State Office Space

Lower State

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,420
As of: December 6, 2016

Lower State Rates

Most listings are in the $40's per square foot per year. The Lower State region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.

Lower State Listing Supply

In the last 90 days, 4 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Lower State are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,420 sqft. Most buildings in this region were built in 1974 and are Class B.

Lower State Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the folk of Lower State work from home. Commuting approximately an hour and a half 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 Lower State.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower State.
Research