The typical asking rate per listing is in the $20's per square foot per year. The Main Street Merchants submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 21 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 29% of the listings in the Main Street Merchants are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1936 and are Class Class B.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Main Street Merchants occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.