Blackburn Office Space

Blackburn

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,930
As of: June 27, 2017

Blackburn Rates

The typical asking rate per listing is in the $20's per square foot per year. The Blackburn region is going through a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Blackburn Listing Supply

In the last 90 days, 5 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the office spaces in the Blackburn 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 5,930 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1987 and are Class B.

Blackburn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the occupants of Blackburn work from home. Commuting between 30 and 45 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 Blackburn.
Market Report

Market Data

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