On average, listings lease in the $20's per square foot per year. The University Park - South Downtown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 15 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the University Park - South Downtown are subleases, so you will probably have to consider a longer term lease. 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 3,380 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this region were built in 1953 and are Class A.
A large portion of this region 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 folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.