The typical asking rate per listing is in the $10's per square foot per year. The Payne - Phalen region is experiencing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.
In the last 90 days, 6 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Payne - Phalen residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.