Grand Center Sublease

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Grand Center

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
6,750
As of: June 26, 2017

Grand Center Rates

The typical asking rate per listing is in the $10's per square foot per year. The Grand Center region is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the St. Louis market, the Grand Center region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Grand Center Listing Supply

In the last 90 days, 3 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Grand Center 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,750 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1997.

Grand Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Grand Center occupants. Commuting between 30 and 45 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 Grand Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Grand Center.
Research