The typical asking rate per listing is in the $10's per square foot per year. The Lowertown region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 23% decrease in rent.
In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the listings in the Lowertown are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,760 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this region were built in 1909 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lowertown occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.