On average, listings lease in the $20's per square foot per year. The Colonial Town Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $22 per sqft per year.
Compared to the rest of the Orlando market, the Colonial Town Center region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Colonial Town Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,470 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this market were built in 1973 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Colonial Town Center folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.