The typical asking rate per listing is in the $10's per square foot per year. The Downtown Wichita region is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 21% decrease in rent.
In the last 90 days, 30 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Downtown Wichita are subleases, so you might be able to snag a great spot on a short term. 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 4,320 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1955 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Downtown Wichita residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.