Orchard District Office Space

Orchard District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Orchard District Rates

On average, listings lease in the $10's per square foot per year. The Orchard District submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $19 per sqft per year. That's a Inf% rise in rent.

Orchard District Listing Supply

In the last 90 days, 7 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Orchard District 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,180 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1979 and are Class B.

Orchard District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Orchard District residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.