Market Update Alert

Stay informed about current commercial lease trends:

Office spaces average around $20.00 per square foot annually (excluding Triple Net – NNN).

For retail spaces, including restaurants, the average leasing cost is approximately $19.00 per square foot annually (excluding Triple Net).

Industrial space leases vary, with rates starting from approximately $12.00 per square foot annually, dependent on space classification.

For a streamlined leasing process, please be prepared to provide proof of funds (6 months to 1 year) and 2-3 years of tax returns or profit and loss statements upfront. This documentation is crucial for landlords' consideration and significantly expedites the leasing agreement process.