On average, listings lease in the $20's per square foot per year. The Old Port District region is seeing a decrease in rates. In the last 3 months, the median rate decreased $54 per sqft per year. That's a 70% decline in rent.
In the last 90 days, 219 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Old Port District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 4 floors. Most buildings in this region were built in 1880 and are Class B.
Waste services is the dominant industry in this region. Most of the occupants of Old Port District work from home. 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 Old Port District.
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