The typical asking rate per listing is in the $20's per square foot per year. The Walnut Street submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.
In the last 90 days, 5 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Walnut Street are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,420 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1908 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Walnut Street occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.