On average, listings lease in the $20's per square foot per year. The Downtown Tallahassee region is experiencing a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year. That's a Inf% rise in rent.
In the last 90 days, 4 listings have come on the market, which means leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1960 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Downtown Tallahassee work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.