Park Towne Retail

Park Towne

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,610
As of: June 21, 2017

Park Towne Rates

The typical asking rate per listing is in the $10's per square foot per year. The Park Towne submarket is going through a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year.

Park Towne Listing Supply

In the last 90 days, 20 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 55% of the office spaces in the Park Towne are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,610 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1980 and are Class B.

Park Towne Community

This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Park Towne folk. Commuting around 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 Park Towne.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Park Towne.
Research