University Park - South Downtown Sublease

University Park - South Downtown

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
5,630
As of: June 22, 2017

University Park - South Downtown Rates

The typical asking rate per listing is in the $20's per square foot per year. The University Park - South Downtown region is going through a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.

University Park - South Downtown Listing Supply

In the last 90 days, 26 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 65% of the listings in the University Park - South Downtown 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,150 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this region were built in 1953 and are Class A.

University Park - South Downtown Community

A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst University Park - South Downtown 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 University Park - South Downtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in University Park - South Downtown.
Research