On average, listings lease in the $20's per square foot per year. The Central Business District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 51% decrease in rent.
In the last 90 days, 5 listings have been made available, which means office spaces most likley are 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 3,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 7 floors. Most buildings in this area were built in 1946 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Most of the residents of Central Business District work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.