Most listings are in the $20's per square foot per year. The Central Business District submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Cincinnati market, the Central Business District region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 673 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the available leases in the Central Business District are subleases, so you might be able to find a shorter term or below market rent. 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 3,690 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this area were built in 1924 and are Class B.
Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central Business District.
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