On average, listings lease in the $30's per square foot per year. The University Park - South Downtown region is experiencing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 23% increase in rent.
In the last 90 days, 26 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this region were built in 1953 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst University Park - South Downtown residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.