On average, listings lease in the $30's per square foot per year. The Tradition submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 22% increase in rent.
In the last 90 days, 4 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,320 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 2005 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. Commute by public transit is the most popular way to get to work amongst Tradition residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.