On average, listings lease in the $20's per square foot per year. The Arts District region is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 20% increase in rent.
In the last 90 days, 9 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 56% of the listings in the Arts District are subleases, so you might be able to find a shorter term or below market rent. 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 30,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1961 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Arts District residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.