On average, listings lease in the $10's per square foot per year. The Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 26% decline in rent.
In the last 90 days, 19 listings have been posted online, which means new availabilities are probably 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1927 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.