Central Office Space

Central

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,850
As of: June 28, 2017

Central Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central region is seeing a a rise in rates. In the last 3 months, the median rate went up $21 per sqft per year.

Central Listing Supply

In the last 90 days, 5 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the Central are subleases, so you might be able to find a shorter term or below market rent. 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 1,850 sqft. Most properties in this market are close to 1 stories. Most buildings in this market were built in 1990 and are Class B.

Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the occupants of Central work from home. Commuting close to 10 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 Central.
Market Report

Market Data

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

Johnston Submarkets