Old Town Retail

Old Town

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
860
As of: August 18, 2017

Old Town Rates

Most listings are in the $10's per square foot per year. The Old Town submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Old Town Listing Supply

In the last 90 days, 7 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Old Town 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 860 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1940 and are Class B.

Old Town 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 market. Commute by walking is the most popular way to get to work amongst Old Town occupants. Commuting around 20 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 Old Town.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town.
Research