Modesto Retail

Modesto

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,070
As of: July 21, 2017

Modesto Rates

On average, listings lease in the $30's per square foot per year. The Modesto region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decrease in rent.

Modesto Listing Supply

In the last 90 days, 15 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 73% of the available space in the Modesto are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,070 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1960 and are Class B.

Modesto Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Modesto occupants. Commuting close to 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 Modesto.
Market Report

Market Data

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