On average, listings lease in the $10's per square foot per year. The Downtown Lincoln submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 35 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,210 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1929 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Lincoln occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.