The typical asking rate per listing is in the $0's per square foot per year. The Park Place region is experiencing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,300 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this market were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Park Place work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.