On average, listings lease in the $20's per square foot per year. The Downtown Duluth submarket is going through a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 33% decline in rent.
In the last 90 days, 32 listings have been posted online, which means new listings 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,360 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1908 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the folk of Downtown Duluth work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.