The typical asking rate per listing is in the $20's per square foot per year. The Arts District submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year.
In the last 90 days, 9 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Arts District 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.
Even though the median size is 30,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1963 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 area. Commute by bike is the most popular way to get to work amongst Arts District occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.