Payne - Phalen Office Space

Payne - Phalen

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Payne - Phalen Rates

The typical asking rate per listing is in the $20's per square foot per year. The Payne - Phalen submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a Inf% increase in rent.

Payne - Phalen Listing Supply

In the last 90 days, 4 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 5,690 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 1957 and are Class B.

Payne - Phalen Community

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 public transit is the most popular way to get to work amongst Payne - Phalen occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.