The typical asking rate per listing is in the $0's per square foot per year. The Hancock submarket is seeing a decline in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 23 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,610 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1988 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of Hancock work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.