Chestnut Hills Office Space

Chestnut Hills

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,240
As of: December 5, 2016

Chestnut Hills Rates

On average, listings lease in the $20's per square foot per year. The Chestnut Hills submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.

Chestnut Hills Listing Supply

In the last 90 days, 5 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,240 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 2000 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 area. Commute by walking is the most popular way to get to work amongst Chestnut Hills residents. Commuting close to 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