On average, listings lease in the $20's per square foot per year. The North Downtown submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.
In the last 90 days, 4 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 350% of the available leases in the North Downtown 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 940 sqft. Most properties in this area are close to 9 floors. Most buildings in this market were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst North Downtown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.