Monterey Office Space

Monterey

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,190
As of: June 27, 2017

Monterey Rates

On average, listings lease in the $10's per square foot per year. The Monterey region is experiencing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year.

Compared to the rest of the Orlando market, the Monterey region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Monterey Listing Supply

In the last 90 days, 3 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 167% of the available leases in the Monterey 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,190 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area were built in 1984 and are Class B.

Monterey Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Monterey occupants. Commuting between 30 and 45 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 Monterey.
Market Report

Market Data

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