On average, listings lease in the $30's per square foot per year. The University Park - South Downtown submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 28 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the University Park - South Downtown are subleases, so you might be able to find a shorter term or below market rent. 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 7,470 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this market were built in 1953 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 occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.