Most listings are in the $50's per square foot per year. The Downtown-Penn Quarter-Chinatown submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 15% decrease 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 2% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,440 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 12 stories. Most buildings in this area 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.