Most listings are in the $30's per square foot per year. The University Park - South Downtown region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 26 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 131% of the available leases in the University Park - South Downtown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this region were built in 1956 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst University Park - South Downtown residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.