On average, listings lease in the $40's per square foot per year. The Arts District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 11 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 20,450 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1963 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Arts District occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.