Most listings are in the $20's per square foot per year. The Colonial Town Center region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
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 listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,470 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1973 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Colonial Town Center residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.