Central Area Sublease

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Central Area

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
8,150
As of: June 26, 2017

Central Area Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Area region is going through a an increase in rates. In the last 3 months, the median rate rose $29 per sqft per year.

Central Area Listing Supply

In the last 90 days, 40 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available space in the Central Area 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 8,150 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1964 and are Class A.

Central Area Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Most of the occupants of Central Area work from home. Commuting more than an hour and a half 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 Central Area.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Area.
Research