On average, listings lease in the $20's per square foot per year. The Historic Cultural submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $36 per sqft per year. That's a 60% decline in rent.
In the last 90 days, 4 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 13,020 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1941 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Historic Cultural residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.