On average, listings lease in the $30's per square foot per year. The Capitol Park region is experiencing a an increase in rates. In the last 3 months, the median rate went up $36 per sqft per year. That's a Inf% rise in rent.
In the last 90 days, 8 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Capitol Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 170 sqft. Most properties in this area are approximately 12 floors. Most buildings in this region were built in 1950 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Capitol Park occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.