On average, listings lease in the $0's per square foot per year. The Utica submarket is going through a decline in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 12 listings have come on the market, which means new availabilities might be leasing quickly. 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 7,710 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Most of the residents of Utica work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.