Colonial Park Office Space

Colonial Park

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
14,000
As of: July 27, 2017

Colonial Park Rates

The typical asking rate per listing is in the $20's per square foot per year. The Colonial Park region is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

Colonial Park Listing Supply

In the last 90 days, 12 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Colonial Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,360 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 2000 and are Class A.

Colonial Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Colonial Park folk. Commuting close to 10 minutes 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 Colonial Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Colonial Park.
Research

Colonial Park Submarkets