On average, listings lease in the $10's per square foot per year. The Lake Morton Historic District submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year.
In the last 90 days, 1 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,300 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1946 and are Class B.
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 car is the most popular way to get to work amongst Lake Morton Historic District occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.