City Central Retail

City Central

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,360
As of: January 21, 2017

City Central Rates

The typical asking rate per listing is in the $20's per square foot per year. The City Central region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.

City Central Listing Supply

In the last 90 days, 30 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the City Central are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,360 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1973 and are Class A.

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 market. 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