On average, listings lease in the $20's per square foot per year. The Martin Luther King submarket is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 3 listings have been listed, which means office spaces 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 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 2,100 sqft. Most buildings in this market are approximately 12 floors. Most buildings in this area were built in 1940 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Martin Luther King folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.