Central Business District Office Space

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$85
Median Size (sqft)
130
As of: June 24, 2017

Central Business District Rates

Most listings are in the $80's per square foot per year. The Central Business District submarket is going through a a rise in rates. In the last 3 months, the median rate rose $85 per sqft per year.

Central Business District Listing Supply

In the last 90 days, 5 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Central Business District 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 130 sqft. Most properties in this region are approximately 7 stories. Most buildings in this region were built in 1946 and are Class A.

Central Business District Community

A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Most of the residents of Central Business District work from home. Commuting between 20 and 25 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