On average, listings lease in the $10's per square foot per year. The Noelridge Park region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 3 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 133% of the available leases in the Noelridge Park 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.
Even though the median size is 6,090 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Noelridge Park occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.