On average, listings lease in the $20's per square foot per year. The Downtown Montgomery region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 9 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 322% of the available space in the Downtown Montgomery are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,430 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1903 and are Class A.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Montgomery occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.