On average, listings lease in the $10's per square foot per year. The World Plaza submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 43% decrease in rent.
In the last 90 days, 5 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,860 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1997 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst World Plaza residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.