Glenwood Grove - North Iris Office Space

Glenwood Grove - North Iris

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Glenwood Grove - North Iris Rates

On average, listings lease in the $10's per square foot per year. The Glenwood Grove - North Iris submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.

Glenwood Grove - North Iris Listing Supply

In the last 90 days, 6 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the Glenwood Grove - North Iris 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,850 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1984 and are Class A.

Glenwood Grove - North Iris Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Glenwood Grove - North Iris residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.