Most listings are in the $10's per square foot per year. The Downtown Topeka submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 10 listings have been posted online, which means office spaces 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 10,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this area were built in 1925 and are Class B.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this market. Most of the occupants of Downtown Topeka work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.