On average, listings lease in the $40's per square foot per year. The Lower State region is seeing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 9 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 44% of the listings in the Lower State are subleases, so you might be able to snag a great spot on a short term. 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 4,680 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the occupants of Lower State work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.