On average, listings lease in the $0's per square foot per year. The South Plaza submarket is going through a decrease in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 3 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 12,749 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the occupants of South Plaza work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.