On average, listings lease in the $20's per square foot per year. The Old Port District region is seeing a an increase in rates. In the last 3 months, the median rate increased $29 per sqft per year.
In the last 90 days, 2 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,100 sqft. Most buildings in this market are around 4 floors. Most buildings in this region were built in 1868 and are Class B.
Waste services is the dominant industry in this market. Most of the residents of Old Port District work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.