The typical asking rate per listing is in the $20's per square foot per year. The Government District region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
In the last 90 days, 2 listings have been listed, which means 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,720 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 9 stories. Most buildings in this region were built in 1970 and are Class A.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Government District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.