Elmwood Area Office Space

Elmwood Area

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,020
As of: June 24, 2017

Elmwood Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Elmwood Area region is seeing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Elmwood Area Listing Supply

In the last 90 days, 10 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 30% of the listings in the Elmwood Area 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,020 sqft. Most buildings in this area were built in 1981 and are Class B.

Elmwood Area Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the folk of Elmwood Area work from home. Commuting close to 15 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 Elmwood Area.
Market Report

Market Data

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