The typical asking rate per listing is in the $20's per square foot per year. The City Central region is experiencing 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.
In the last 90 days, 14 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the City Central 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1973 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 area. Most of the occupants of City Central work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.