The typical asking rate per listing is in the $0's per square foot per year. The Northern Waterfront submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $73 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have come on the market, 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 14,160 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1927 and are Class B.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Northern Waterfront occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.