On average, listings lease in the $10's per square foot per year. The Old Town region is going through a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year.
In the last 90 days, 27 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Old Town are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,330 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1921 and are Class A.
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 region. Commute by bike is the most popular way to get to work amongst Old Town folk. Commuting under 5 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 Old Town.
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