The typical asking rate per listing is in the $30's per square foot per year. The East Central submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 7 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the East Central 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst East Central occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.