On average, listings lease in the $0's per square foot per year. The Morningside - Lenox Park submarket is going through a decline in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,790 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1955 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Morningside - Lenox Park residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.