On average, listings lease 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 increased $20 per sqft per year.
In the last 90 days, 1 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,470 sqft. Most properties in this market are close to 2 stories. Most buildings in this market 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 folk of Colonial Avenue Area work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.