The typical asking rate per listing is in the $10's per square foot per year. The Hanestown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decrease in rent.
In the last 90 days, 17 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Hanestown 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.
The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this region are around 1 stories. Most buildings in this market were built in 1979 and are Class B.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Hanestown residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.