City Center Office Space

City Center

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,480
As of: December 4, 2016

City Center Rates

The typical asking rate per listing is in the $30's per square foot per year. The City Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the Gold Coast market, the City Center region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 2 listings have been listed, which means listings might be leasing quickly. 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 2,480 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1979 and are Class B.

City Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst City Center residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research