Central Area Retail

Central Area

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,600
As of: July 19, 2017

Central Area Rates

Most listings are in the $20's per square foot per year. The Central Area region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.

Central Area Listing Supply

In the last 90 days, 40 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Central Area 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.

Even though the median size is 2,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1964 and are Class A.

Central Area Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Most of the folk 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