Most listings are in the $10's per square foot per year. The Shelard Park submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 6 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the Shelard Park 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 33,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 10 stories. Most buildings in this market were built in 1980 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Shelard Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.