On average, listings lease in the $10's per square foot per year. The Downtown Fort Wayne region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decrease in rent.
In the last 90 days, 17 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Downtown Fort Wayne are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1920 and are Class Class B.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Downtown Fort Wayne occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.