On average, listings lease in the $20's per square foot per year. The North Downtown region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 16 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available leases in the North Downtown 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,940 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 12 stories. Most buildings in this market were built in 1927 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Downtown occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.