On average, listings lease in the $20's per square foot per year. The Walnut Street submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
In the last 90 days, 5 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 10,420 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1908 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Walnut Street folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.