Most listings are in the $0's per square foot per year. The Park Place submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this market were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Park Place work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.