On average, listings lease in the $30's per square foot per year. The Lake's submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 24% increase in rent.
In the last 90 days, 18 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Lake's are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,980 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1973 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lake's occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.