On average, listings lease in the $10's per square foot per year. The Memorial Park region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means spaces are probably going fast. 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.
The standard measurement for office space in this area is around 750 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1955 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Memorial Park residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.