On average, listings lease in the $0's per square foot per year. The Indian River City submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 820 sqft. Most buildings in this region are close to 1 floors. Most buildings in this market were built in 1926 and are Class B.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Indian River City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.