On average, listings lease in the $20's per square foot per year. The Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 21% increase in rent.
In the last 90 days, 19 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 153% of the available space in the Central Business District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1927 and are Class B.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.