City Central Retail

City Central

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
670
As of: July 25, 2017

City Central Rates

Most listings are in the $20's per square foot per year. The City Central submarket is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 20% rise in rent.

City Central Listing Supply

In the last 90 days, 18 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the City Central 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 760 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1974 and are Class B.

City Central 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 region. Most of the occupants of City Central work from home. Commuting between 20 and 25 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 City Central.
Market Report

Market Data

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