On average, listings lease in the $20's per square foot per year. The Riverside submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.
In the last 90 days, 35 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 297% of the available leases in the Riverside are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,440 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1912 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Riverside occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.