On average, listings lease in the $10's per square foot per year. The Tower District region is experiencing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Fresno market, the Tower District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been posted online, which means new listings most likley are going fast. 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 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this market were built in 1959 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Tower District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.