On average, listings lease in the $10's per square foot per year. The Morris Hill submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 27% decrease in rent.
In the last 90 days, 3 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 1,167% of the office spaces in the Morris Hill 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 380 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Morris Hill folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.