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.
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.
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.