On average, listings lease in the $10's per square foot per year. The Downtown Rock Island region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 15 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1924 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Downtown Rock Island folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.