On average, listings lease in the $20's per square foot per year. The Springlake-University Terrace region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 2 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Springlake-University Terrace are subleases, so you might be able to snag a great spot on a short term. 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 970 sqft. Most buildings in this region are close to 1 stories. Most buildings in this market were built in 0 and are Class Class B.
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 area. Commute by public transit is the most popular way to get to work amongst Springlake-University Terrace folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.