The typical asking rate per listing is in the $30's per square foot per year. The Historic Cultural submarket is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% 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 7% of the available leases in the Historic Cultural are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1959 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Historic Cultural residents. Commuting around 20 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 Historic Cultural.
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