Most listings are in the $10's per square foot per year. The Downtown Amarillo submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 26 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,760 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Amarillo residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.