On average, listings lease in the $0's per square foot per year. The Martin Luther King region is going through a decrease in rates. In the last 3 months, the median rate fell $23 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Martin Luther King are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 12,740 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 12 stories. Most buildings in this region were built in 1940 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Martin Luther King residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.