On average, listings lease in the $20's per square foot per year. The Downtown Montgomery region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 9 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 333% of the listings in the Downtown Montgomery are subleases, so you might be able to snag a great spot on a short term. 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 1,410 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1903 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Montgomery folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.