Springlake-University Terrace Retail

Springlake-University Terrace

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,400
As of: June 27, 2017

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 an increase in rates. In the last 3 months, the median rate went up $25 per sqft per year.

Springlake-University Terrace Listing Supply

In the last 90 days, 2 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 150% of the listings in the Springlake-University Terrace are subleases, so you might be able to snag a great spot on a short term. 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 1,400 sqft. Most properties in this area are around 1 stories. 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 area. 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.
Research