The typical asking rate per listing is in the $10's per square foot per year. The Armory Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year.
In the last 90 days, 2 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 450% of the listings in the Armory Square are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 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 region. 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.