The typical asking rate per listing is in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown region is going through a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year. That's a 34% increase in rent.
In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Downtown-Penn Quarter-Chinatown are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 11,010 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 12 floors. Most buildings in this market were built in 1986 and are Class A.
Utilities is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.