On average, listings lease in the $30's per square foot per year. The Plaza Terrace submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Tampa Bay market, the Plaza Terrace submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Plaza Terrace are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 15,450 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1986 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Plaza Terrace residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.