Downtown Bloomington Retail

Downtown Bloomington

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
1,090
As of: August 16, 2017

Downtown Bloomington Rates

On average, listings lease in the $20's per square foot per year. The Downtown Bloomington region is seeing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% increase in rent.

Downtown Bloomington Listing Supply

In the last 90 days, 6 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the office spaces in the Downtown Bloomington 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,090 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1970 and are Class Class B.

Downtown Bloomington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Downtown Bloomington folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Bloomington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Bloomington.
Research