Old Town Sublease

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Old Town

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,560
As of: June 24, 2017

Old Town Rates

On average, listings lease in the $30's per square foot per year. The Old Town region is going through a a rise in rates. In the last 3 months, the median rate went up $32 per sqft per year.

Old Town Listing Supply

In the last 90 days, 5 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the listings in the Old Town 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,560 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 1982 and are Class C.

Old Town Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Old Town occupants. Commuting around 30 minutes 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 Old Town.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town.
Research

Beaumont Submarkets