Southern Retail

Southern

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,390
As of: July 26, 2017

Southern Rates

On average, listings lease in the $10's per square foot per year. The Southern submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.

Southern Listing Supply

In the last 90 days, 8 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Southern 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 1,390 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1986 and are Class B.

Southern Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the folk of Southern work from home. Commuting around 10 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 Southern.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southern.
Research