Park Place Retail

Park Place

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,980
As of: June 28, 2017

Park Place Rates

On average, listings lease in the $10's per square foot per year. The Park Place region is going through a a boost in rates. In the last 3 months, the median rate increased $18 per sqft per year.

Park Place Listing Supply

In the last 90 days, 2 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Park Place 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.

Even though the median size is 2,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1980 and are Class C.

Park Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Park Place work from home. Commuting around 30 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 Place.
Market Report

Market Data

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