The typical asking rate per listing is in the $10's per square foot per year. The Central Business District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Cincinnati market, the Central Business District region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the listings in the Central Business District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,810 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this region were built in 1925 and are Class A.
This region is fairly equally mixed residential and commercial. 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.