Chestnut Hills Office Space

Chestnut Hills

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,360
As of: August 18, 2017

Chestnut Hills Rates

The typical asking rate per listing is in the $20's per square foot per year. The Chestnut Hills submarket is going through a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 48% decline in rent.

Chestnut Hills Listing Supply

In the last 90 days, 1 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the available leases in the Chestnut Hills 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,360 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1976 and are Class B.

Chestnut Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Chestnut Hills residents. Commuting approximately 20 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 Chestnut Hills.
Market Report

Market Data

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