The typical asking rate per listing is in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 22% of the office spaces in the Downtown-Penn Quarter-Chinatown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,940 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 12 floors. Most buildings in this market were built in 1986 and are Class A.
Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.