On average, listings lease in the $30's per square foot per year. The North Downtown submarket is going through a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 33% rise in rent.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the listings in the North Downtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,540 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 9 stories. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst North Downtown 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 North Downtown.
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