The typical asking rate per listing is in the $20's per square foot per year. The Central Business District region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 37 listings have come on the market, which means new listings might be going fast. 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 2,500 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 1967 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.