The typical asking rate per listing is in the $20's per square foot per year. The Central Business District region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 15% decrease 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 submarket.
In the last 90 days, 673 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available leases in the Central Business District are subleases, so you might be able to snag a great spot on a short term. 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 3,470 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 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 folk. 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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