Most listings are in the $20's per square foot per year. The Beaumont, Brookwood, Forest Hills & Mercer Place submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 11 listings have been posted online, which means office spaces might be leasing quickly. 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.
The standard measurement for office space in this area is around 2,020 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 2004 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Beaumont, Brookwood, Forest Hills & Mercer Place residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.