On average, listings lease in the $30's per square foot per year. The Lower Peters Canyon region is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% rise in rent.
In the last 90 days, 2 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 150% of the office spaces in the Lower Peters Canyon are subleases, so you might be able to find a shorter term or below market rent. 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 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 2006 and are Class B.
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 area. Commute by walking is the most popular way to get to work amongst Lower Peters Canyon occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.