New Albany Retail

New Albany

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

New Albany Rates

Most listings are in the $10's per square foot per year. The New Albany submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a Inf% rise in rent.

New Albany Listing Supply

In the last 90 days, 12 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 8% of the listings in the New Albany are subleases, so you will probably have to focus your search on direct office leases. 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 780 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 0 and are Class Class B.

New Albany Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the residents of New Albany work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

New Albany Submarkets