The typical asking rate per listing is in the $0's per square foot per year. The Elmwood region is going through a decline in rates. In the last 3 months, the median rate decreased $301 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have been made available, which means 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 available, so finding a space for a small business might be tough.
Even though the median size is 28,800 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Elmwood folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.