On average, listings lease in the $0's per square foot per year. The Arts District submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $40 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 9 listings have been posted online, which means spaces are probably 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.
The standard measurement for office space in this area is around sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1963 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Arts District occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.