On average, listings lease in the $20's per square foot per year. The Downtown Fort Wayne submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 48% rise in rent.
In the last 90 days, 17 listings have been listed, which means leases might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,150 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1920 and are Class Class B.
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 public transit is the most popular way to get to work amongst Downtown Fort Wayne folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.