On average, listings lease in the $0's per square foot per year. The Warehouse District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably going fast. 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 3,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region were built in 1933 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Warehouse District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.