On average, listings lease in the $10's per square foot per year. The Northeast Arcadia Lakes submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 38% decrease in rent.
In the last 90 days, 24 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available space in the Northeast Arcadia Lakes are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Northeast Arcadia Lakes residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.