Downtown-Penn Quarter-Chinatown Retail

Downtown-Penn Quarter-Chinatown

Market Report

Number of Listings
Posted in the last 90 days
22
Median Rate ($/sqft/yr)
$263
Median Size (sqft)
3,940

Downtown-Penn Quarter-Chinatown Rates

The typical asking rate per listing is in the $260's per square foot per year. The Downtown-Penn Quarter-Chinatown region is going through a an increase in rates. In the last 3 months, the median rate went up $194 per sqft per year. That's a 283% increase in rent.

Downtown-Penn Quarter-Chinatown Listing Supply

In the last 90 days, 410 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Downtown-Penn Quarter-Chinatown are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 12 stories. Most buildings in this region were built in 1986 and are Class A.

Downtown-Penn Quarter-Chinatown Community

Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown-Penn Quarter-Chinatown.
Research