The typical asking rate per listing is in the $10's per square foot per year. The Old Town submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.
In the last 90 days, 10 listings have come on the market, which means office spaces 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1943 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Old Town folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.