On average, listings lease in the $40's per square foot per year. The Spenard region is experiencing a an increase in rates. In the last 3 months, the median rate rose $41 per sqft per year.
In the last 90 days, 1 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 1,000% of the available leases in the Spenard are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,810 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1982 and are Class A.
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 region. 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.