The typical asking rate per listing is in the $10's per square foot per year. The Arena submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
In the last 90 days, 5 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,750 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1936 and are Class B.
Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Arena folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.