On average, listings lease in the $0's per square foot per year. The Parker Lane submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $35 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 3 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 1986.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Parker Lane folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.