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)
970
As of: August 19, 2017

Springlake-University Terrace Rates

On average, listings lease in the $20's per square foot per year. The Springlake-University Terrace region is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.

Springlake-University Terrace Listing Supply

In the last 90 days, 2 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available space in the Springlake-University Terrace are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 970 sqft. Most properties in this region are close to 1 stories. Most buildings in this area 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 folk. 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