Most listings are in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown submarket is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 25 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Downtown-Penn Quarter-Chinatown are subleases, so you will probably have to consider a longer term lease. 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 4,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 12 floors. Most buildings in this region were built in 1986 and are Class A.
Utilities is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.