Downtown Bloomington Sublease

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Downtown Bloomington

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
570
As of: June 21, 2017

Downtown Bloomington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Bloomington region is going through a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.

Downtown Bloomington Listing Supply

In the last 90 days, 6 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 217% of the office spaces in the Downtown Bloomington are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 570 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1970 and are Class Class B.

Downtown Bloomington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Downtown Bloomington folk. Commuting around 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 Downtown Bloomington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Bloomington.
Research