On average, listings lease in the $0's per square foot per year. The Merritt submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $50 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 12 listings have been listed, which means listings are probably 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 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this area were built in 1985 and are Class A.
Wholesale trade is the dominant industry in this region. Most of the occupants of Merritt work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.