On average, listings lease in the $20's per square foot per year. The Downtown Lincoln region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 17% increase in rent.
In the last 90 days, 10 listings have come on the market, which means new availabilities are probably 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 3,820 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1929 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Lincoln residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.