The typical asking rate per listing is in the $20's per square foot per year. The Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Cincinnati market, the Central Business District submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 179% of the office spaces in the Central Business District are subleases, so you might be able to find a shorter term or below market rent. 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 6,150 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 6 floors. Most buildings in this market were built in 1925 and are Class B.
Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.