City Center Retail

City Center

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,480
As of: December 2, 2016

City Center Rates

On average, listings lease in the $30's per square foot per year. The City Center submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 92% increase in rent.

Compared to the rest of the Gold Coast market, the City Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 3 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1979 and are Class B.

City Center 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. Commute by bike is the most popular way to get to work amongst City Center occupants. Commuting under 5 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 City Center.
Market Report

Market Data

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