The typical asking rate per listing is in the $30's per square foot per year. The Plaza Terrace submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year.
Compared to the rest of the Tampa Bay market, the Plaza Terrace submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means new availabilities most likley are 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 region are approximately 4 stories. Most buildings in this area were built in 1986 and are Class A.
A large portion of this market 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 around 20 minutes a day is the norm for those who opt to reside in this part of town.