On average, listings lease in the $10's per square foot per year. The Lancaster Central Business District submarket is going through a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.
In the last 90 days, 3 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this region were built in 1935 and are Class 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 market. Commute by car is the most popular way to get to work amongst Lancaster Central Business District folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.