Commercial Rental Rates By Zip Code Website Copyright 2000 - 2023. English. Commercial tenants are generally more business-oriented and experienced in leases, and they often hire real estate professionals or attorneys to handle their lease activities if theyre not. . So for 1,900 square feet, that would cost approximately $3,642 per month. However, there are three primary types of commercial lease structures. Share Feedback. Retail rents: Who's paying the most? - CNBC Retail averaged out to $18.09 / square foot, and industrial space came in at just under $8 / square foot. Taking our example above, $32.00 per foot is your annual rental rate (Price per square foot multiplied by the square footage gives you your annual rental rate). The commercial real estate market is always in flux with new trends and developments emerging all the time. This entry was posted While it may now seem easier to calculate your monthly rental rate, it can become far more complicated. Now under new ownership, the property is set to become a mixed-use city center, bringing new life and energy to the community. On thenational level, this rate was exceeded only by Atlantas 20.3% and Houstons 25.99%. All Rights Reserved. If you're looking for other great deals, check out the listings from Pine Tree ($678), Shaddow Wood ($678), and . And while the Bay Areas office pipeline is set to increase the existing local stock by just 2.9%, that will still add 5.8 million square feet of new offices. In a Rentable Square Footage scenario, tenants are responsible for paying rent on their share of the common areas. How Much Does it Cost to Rent a Warehouse? | Prologis ft. = $96,000 per year. ), which gives it a 16.7% common area factor. Rent Average By Zip Code - RentLeaseTalk.com In terms of location, office assets in CBDs claimed the highest listing rates at $51.43, up 3% over the past 12 months, while suburban assets stood at $30.47, also up 3.1% year-over-year.
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