On average, listings lease in the $10's per square foot per year. The Downtown Evansville submarket is going through a a boost in rates. In the last 3 months, the median rate rose $15 per sqft per year.
In the last 90 days, 5 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the office spaces in the Downtown Evansville 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 21,080 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1912 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Most of the occupants of Downtown Evansville work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.