On average, listings lease in the $0's per square foot per year. The Fashion Square region is experiencing a decrease in rates. In the last 3 months, the median rate fell $27 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 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 sqft. Most properties in this area are approximately 5 floors. Most buildings in this market were built in 1987 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the occupants of Fashion Square work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.