On average, listings lease in the $20's per square foot per year. The Transit Village region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 5 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1978 and are Class A.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Most of the residents of Transit Village work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.