On average, listings lease in the $30's per square foot per year. The Five Points submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% increase in rent.
In the last 90 days, 17 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 159% of the available leases in the Five Points 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1933 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Five Points folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.