The typical asking rate per listing is in the $30's per square foot per year. The Plaza Terrace region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Tampa Bay market, the Plaza Terrace region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means spaces are probably leasing quickly. 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 21,620 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this region were built in 1986 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Plaza Terrace residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.