On average, listings lease in the $60's per square foot per year. The Uptown submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 26 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Uptown are subleases, so you will probably have to consider a longer term lease. 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 5,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 9 floors. Most buildings in this market were built in 1955 and are Class B.
This area is fairly equally mixed residential and commercial. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Uptown residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.