Most listings are in the $0's per square foot per year. The Little Italy region is seeing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 6 listings have been made available, which means new availabilities are probably 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most properties in this region are around 9 stories. Most buildings in this area were built in 1967 and are Class A.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Most of the residents of Little Italy work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.