Central Business District Retail

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,210
As of: August 18, 2017

Central Business District Rates

On average, listings lease in the $10's per square foot per year. The Central Business District submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 32% decline in rent.

Central Business District Listing Supply

In the last 90 days, 19 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 174% of the listings in the Central Business District are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,210 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1947 and are Class B.

Central Business District Community

This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting around an hour 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 Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research