On average, listings lease in the $20's per square foot per year. The Kensington Park region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.
In the last 90 days, 16 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 2,470 sqft. Most buildings in this area were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kensington Park occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.