On average, listings lease in the $0's per square foot per year. The Lofts Canal Side submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $26 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been listed, which means new availabilities are probably 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this region are close to 22 stories. Most buildings in this area were built in 1984 and are Class A.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Most of the occupants of Lofts Canal Side work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.