On average, listings lease in the $10's per square foot per year. The Downtown Montgomery submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 25% decline in rent.
In the last 90 days, 17 listings have been posted online, which means office spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,040 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1903 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Montgomery residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.