Spenard Sublease


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Spenard Rates

The typical asking rate per listing is in the $30's per square foot per year. The Spenard submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 18% rise in rent.

Spenard Listing Supply

In the last 90 days, 8 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Spenard 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 available, so finding a space for a small business might be tough.

Even though the median size is 10,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this region were built in 1979 and are Class B.

Spenard Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Spenard residents. Commuting close to 30 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 Spenard.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Spenard.