On average, listings lease in the $10's per square foot per year. The Capitol Area submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 33% decrease in rent.
In the last 90 days, 5 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,600 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1965 and are Class C.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Capitol Area folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.