On average, listings lease in the $50's per square foot per year. The Uptown submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
In the last 90 days, 25 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 84% of the office spaces in the Uptown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,670 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 9 stories. Most buildings in this market were built in 1946 and are Class B.
This region is fairly equally mixed residential and commercial. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Uptown occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.