On average, listings lease in the $0's per square foot per year. The North Itasca submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the North Itasca 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 11,858 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this market were built in 1986 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst North Itasca folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.