The typical asking rate per listing is in the $20's per square foot per year. The Old Port District submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 4 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the Old Port 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.
The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this market are around 4 stories. Most buildings in this region were built in 1868 and are Class B.
Waste services is the dominant industry in this market. Most of the residents of Old Port District work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.