On average, listings lease in the $30's per square foot per year. The Colonial Townpark region is experiencing a a boost in rates. In the last 3 months, the median rate went up $35 per sqft per year.
In the last 90 days, 12 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 42% of the office spaces in the Colonial Townpark are subleases, so you might be able to snag a great spot on a short term. 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 20,600 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 5 stories. Most buildings in this region were built in 2004 and are Class A.
This area is fairly equally mixed residential and commercial. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Colonial Townpark residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.