On average, listings lease in the $20's per square foot per year. The Mae Anne Avenue submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $21 per sqft per year.
In the last 90 days, 5 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 120% of the listings in the Mae Anne Avenue are subleases, so you might be able to snag a great spot on a short term. 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 2,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 2005 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Mae Anne Avenue work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.