The typical asking rate per listing is in the $10's per square foot per year. The Colonial Avenue Area submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $14 per sqft per year.
In the last 90 days, 1 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 890 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the occupants of Colonial Avenue Area work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.