The typical asking rate per listing is in the $30's per square foot per year. The Spenard submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 2 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,810 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Spenard occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.