On average, listings lease in the $10's per square foot per year. The River Market submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,970 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 7 floors. Most buildings in this area were built in 1939 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst River Market occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.