On average, listings lease in the $20's per square foot per year. The Downtown Duluth submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 32 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Downtown Duluth are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1908 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the folk of Downtown Duluth work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.