On average, listings lease in the $10's per square foot per year. The Morris Hill submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 27% decrease in rent.
In the last 90 days, 3 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 1,167% of the available leases in the Morris Hill 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 380 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Morris Hill occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.