On average, listings lease in the $0's per square foot per year. The Lobdell-Woodale submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 28 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Lobdell-Woodale are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 0 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Lobdell-Woodale residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.