On average, listings lease in the $10's per square foot per year. The Riverside submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 20% decline in rent.
In the last 90 days, 13 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 46% of the available space in the Riverside 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,150 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1995 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Riverside folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.