On average, listings lease in the $20's per square foot per year. The Colonial Townpark submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 12 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases 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 leases below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this region were built in 2004 and are Class A.
This region is fairly equally mixed residential and commercial. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Colonial Townpark occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.