On average, listings lease in the $30's per square foot per year. The Doctor Phillips region is experiencing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.
In the last 90 days, 5 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 180% of the listings in the Doctor Phillips 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 3,070 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Doctor Phillips occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.