The typical asking rate per listing is in the $0's per square foot per year. The Five Points District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $30 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have been posted online, which means listings might be 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 5,320 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 36 stories. Most buildings in this area were built in 1964 and are Class A.
Wholesale trade is the dominant industry in this market. Most of the occupants of Five Points District work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.