The typical asking rate per listing is in the $50's per square foot per year. The Historic Cultural submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 29 listings have been listed, which means leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,430 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1941 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 area. 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.