Central Area Office Space

Central Area

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
700
As of: January 23, 2017

Central Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Area region is experiencing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 2% decline in rent.

Central Area Listing Supply

In the last 90 days, 36 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 700 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1976 and are Class A.

Central Area Community

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. Most of the folk of Central Area work from home. Commuting more than an hour and a half 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 Central Area.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Area.
Research