On average, listings lease in the $20's per square foot per year. The Downtown Colorado Springs submarket is going through a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 10% rise in rent.
In the last 90 days, 24 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Downtown Colorado Springs are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1901 and are Class Class B.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Colorado Springs folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.