The typical asking rate per listing is in the $10's per square foot per year. The Park Towne submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 20 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,540 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1979 and are Class B.
This market 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 residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.