Most listings are in the $30's per square foot per year. The Historic Cultural submarket is going through a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 29% decline in rent.
In the last 90 days, 29 listings have come on the market, which means new listings are probably going fast. 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 4,880 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Historic Cultural residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.