On average, listings lease in the $0's per square foot per year. The Park Place submarket is seeing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have been posted online, which means leases are probably 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of Park Place work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.