On average, listings lease in the $10's per square foot per year. The Emerson Garfield submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 27% decrease in rent.
In the last 90 days, 15 listings have been made available, which means new availabilities most likley are 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 2,750 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Emerson Garfield residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.