On average, listings lease in the $30's per square foot per year. The University Park - South Downtown submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 26 listings have been listed, which means new availabilities most likley are 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this area were built in 1953 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst University Park - South Downtown occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.