The typical asking rate per listing is in the $30's per square foot per year. The University Park - South Downtown region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 26 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 123% of the listings in the University Park - South Downtown are subleases, so you might be able to snag a great spot on a short term. 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 6,530 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this region were built in 1956 and are Class A.
A large portion of this region 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 folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.