The typical asking rate per listing is 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 went up $8 per sqft per year. That's a 38% rise in rent.
In the last 90 days, 4 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this area 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.