The typical asking rate per listing is in the $10's per square foot per year. The Park Towne submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 19% decrease in rent.
In the last 90 days, 20 listings have been made available, which means spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,540 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1979 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Park Towne residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.