The typical asking rate per listing is in the $10's per square foot per year. The Commerce Square submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year.
In the last 90 days, 4 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,570 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this area were built in 1983 and are Class A.
Public administration is the dominant industry in this market. Most of the folk of Commerce Square work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.