The typical asking rate per listing is in the $40's per square foot per year. The Lower State region is experiencing a a boost in rates. In the last 3 months, the median rate went up $45 per sqft per year.
In the last 90 days, 8 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Lower State are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,090 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1926 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the occupants of Lower State work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.