The typical asking rate per listing is in the $30's per square foot per year. The University Park - South Downtown region is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 23% rise in rent.
In the last 90 days, 26 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,040 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this area were built in 1953 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst University Park - South Downtown folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.