Southeast Meridian Sublease

Southeast Meridian

Office Space Market Report

Number of Listings (last 90 days)
92
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,020
As of: August 17, 2017

Southeast Meridian Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southeast Meridian submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 35% decline in rent.

Southeast Meridian Listing Supply

In the last 90 days, 8 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the office spaces in the Southeast Meridian 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 5,020 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 2005 and are Class A.

Southeast Meridian Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Southeast Meridian occupants. Commuting approximately 15 minutes 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 Southeast Meridian.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southeast Meridian.
Research