On average, listings lease in the $20's per square foot per year. The Downtown Evansville submarket is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 55 listings have been posted online, so you'll want to check back regularly for new listings. 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 3,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 1912 and are Class A.
This area is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Most of the folk of Downtown Evansville work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.