Most listings are in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decrease in rent.
In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 22% of the office spaces in the Downtown-Penn Quarter-Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 3,940 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 12 stories. Most buildings in this market were built in 1986 and are Class A.
Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.