Most listings are in the $10's per square foot per year. The Over-The Rhine region is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 37% decline in rent.
Compared to the rest of the Cincinnati market, the Over-The Rhine submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 12,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Over-The Rhine occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.