The typical asking rate per listing is in the $10's per square foot per year. The Old Town region is experiencing a decrease in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 59% decrease in rent.
In the last 90 days, 8 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 4,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1940 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 market. Commute by walking is the most popular way to get to work amongst Old Town occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.