The typical asking rate per listing is in the $50's per square foot per year. The Arts District region is experiencing a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 7 listings have been made available, which means office spaces most likley are 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.
Even though the median size is 20,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1961 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Arts District residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.