Payne - Phalen Retail

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Payne - Phalen

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
4,200
As of: February 24, 2017

Payne - Phalen Rates

On average, listings lease in the $10's per square foot per year. The Payne - Phalen submarket is going through a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.

Payne - Phalen Listing Supply

In the last 90 days, 6 listings have been made available, which means office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1957 and are Class B.

Payne - Phalen Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Payne - Phalen folk. Commuting close to 30 minutes 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 Payne - Phalen.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Payne - Phalen.
Research