On average, listings lease in the $40's per square foot per year. The Old Town region is experiencing a an increase in rates. In the last 3 months, the median rate went up $29 per sqft per year. That's a 155% rise in rent.
In the last 90 days, 10 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 230 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Old Town residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.