Springlake-University Terrace Retail

Springlake-University Terrace

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,250
As of: July 25, 2017

Springlake-University Terrace Rates

Most listings are 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% decrease in rent.

Springlake-University Terrace Listing Supply

In the last 90 days, 2 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Springlake-University Terrace 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,250 sqft. Most properties in this area are around 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 occupants. 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