On average, listings lease in the $20's per square foot per year. The Central Business District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Orlando market, the Central Business District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 66 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Central Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,610 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 6 stories. Most buildings in this area were built in 1960 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Central Business District residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.