Central Business District Office Space

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,830
As of: July 21, 2017

Central Business District Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Business District region is seeing a a rise in rates. In the last 3 months, the median rate went up $22 per sqft per year.

Central Business District Listing Supply

In the last 90 days, 3 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 367% of the available space in the Central Business District 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.

The standard measurement for office space in this area is around 1,830 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1916 and are Class C.

Central Business District Community

This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District occupants. Commuting around 20 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 Central Business District.
Market Report

Market Data

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