Downtown Montpelier Office Space

Downtown Montpelier

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,400
As of: March 29, 2017

Downtown Montpelier Rates

On average, listings lease in the $20's per square foot per year. The Downtown Montpelier submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 14% decrease in rent.

Downtown Montpelier Listing Supply

In the last 90 days, 12 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,400 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 3 stories.

Downtown Montpelier Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Montpelier folk. Commuting under 5 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 Downtown Montpelier.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Montpelier.
Research