On average, listings lease in the $0's per square foot per year. The Downtown Syracuse submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the Downtown Syracuse are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,080 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 19 stories. Most buildings in this market were built in 1950 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Downtown Syracuse folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.