On average, listings lease in the $0's per square foot per year. The Little Haiti submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 12,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market 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. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Little Haiti folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.