Central Area Retail

Central Area

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
4,000
As of: May 24, 2017

Central Area Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Area region is going through a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 33% rise in rent.

Central Area Listing Supply

In the last 90 days, 40 listings have been listed, which means listings 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1964 and are Class A.

Central Area Community

A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Most of the residents of Central Area work from home. Commuting more than an hour and a half 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 Central Area.
Market Report

Market Data

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