Most listings are in the $40's per square foot per year. The University Park - South Downtown submarket is going through a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 15% rise in rent.
In the last 90 days, 26 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 104% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,720 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 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 region. Commute by car is the most popular way to get to work amongst University Park - South Downtown occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.