The typical asking rate per listing is in the $10's per square foot per year. The Downtown Evansville submarket is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 36% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 120% of the available space in the Downtown Evansville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,090 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1912 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Most of the residents 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.