On average, listings lease in the $10's per square foot per year. The Armory Square region is going through a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 27% rise in rent.
In the last 90 days, 2 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 450% of the available leases in the Armory Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this area were built in 1930 and are Class B.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Armory Square occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.