On average, listings lease in the $0's per square foot per year. The Park Place submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been listed, which means office spaces might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region 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 region. 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.