Central Business District Sublease

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,670
As of: March 29, 2017

Central Business District Rates

On average, listings lease in the $20's per square foot per year. The Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 40% increase in rent.

Central Business District Listing Supply

In the last 90 days, 5 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,670 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1935 and are Class A.

Central Business District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Business District folk. Commuting under 5 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 Central Business District.
Market Report

Market Data

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