On average, listings lease in the $0's per square foot per year. The Riverside submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Riverside are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Riverside occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.