The typical asking rate per listing is in the $20's per square foot per year. The Government District submarket is experiencing 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 made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Government District are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 12,670 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 9 stories. Most buildings in this region were built in 1970 and are Class Class A.
Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Government District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.