On average, listings lease in the $40's per square foot per year. The West Downtown submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 3 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 850 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 2004 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Downtown occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.