On average, listings lease in the $0's per square foot per year. The Park 100 submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $26 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Park 100 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 available, so finding a space for a small business might be tough.
Even though the median size is 13,320 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 0 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Park 100 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.