On average, listings lease in the $0's per square foot per year. The Colgate Center region is seeing a decline in rates. In the last 3 months, the median rate decreased $55 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 13 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this area are close to 15 stories. Most buildings in this market were built in 1992 and are Class A.
Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Colgate Center occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.