Park Towne Office Space

Park Towne

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,540
As of: February 27, 2017

Park Towne Rates

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.

Park Towne Listing Supply

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.

Park Towne Community

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.

Market Report

Trends and status of the commercial real estate market in Park Towne.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Park Towne.
Research