The typical asking rate per listing is in the $20's per square foot per year. The Northeast Arcadia Lakes submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 24 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Northeast Arcadia Lakes 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.
Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Northeast Arcadia Lakes residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.