Central Business District Sublease

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,560
As of: July 27, 2017

Central Business District Rates

Most listings are in the $20's per square foot per year. The Central Business District region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 21% rise in rent.

Central Business District Listing Supply

In the last 90 days, 19 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 158% of the office spaces in the Central Business District 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1927 and are Class B.

Central Business District Community

This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District occupants. Commuting around an hour 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 Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research