On average, listings lease in the $10's per square foot per year. The Madisonville submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Cincinnati market, the Madisonville submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Madisonville 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Madisonville residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.