Elmwood Area Retail

Elmwood Area

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,020
As of: July 25, 2017

Elmwood Area Rates

Most listings are in the $10's per square foot per year. The Elmwood Area region is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 28% decrease in rent.

Elmwood Area Listing Supply

In the last 90 days, 10 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the office spaces in the Elmwood Area 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,020 sqft. Most buildings in this market were built in 1981 and are Class B.

Elmwood Area Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the folk of Elmwood Area work from home. Commuting approximately 15 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 Elmwood Area.
Market Report

Market Data

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