On average, listings lease in the $10's per square foot per year. The Capitol Area submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 33% decline in rent.
In the last 90 days, 5 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1965 and are Class C.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Capitol Area folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.