The typical asking rate per listing is in the $20's per square foot per year. The Downtown San Antonio region is seeing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 36% decline in rent.
Compared to the rest of the San Antonio market, the Downtown San Antonio region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 34 listings have come on the market, which means spaces are probably going fast. 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 2,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 7 stories. Most buildings in this area were built in 1960 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Downtown San Antonio residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.