Springlake-University Terrace Retail

Springlake-University Terrace

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Springlake-University Terrace Rates

On average, listings lease in the $20's per square foot per year. The Springlake-University Terrace submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.

Springlake-University Terrace Listing Supply

In the last 90 days, 1 listings have come on the market, 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 0 and are Class Class B.

Springlake-University Terrace 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. Commute by public transit is the most popular way to get to work amongst Springlake-University Terrace 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.

Market Report

Trends and status of the commercial real estate market in Springlake-University Terrace.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Springlake-University Terrace.