On average, listings lease in the $30's per square foot per year. The Five Points submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 29% increase in rent.
In the last 90 days, 8 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,640 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1930 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Five Points occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.