On average, listings lease in the $10's per square foot per year. The Old Town region is going through a decrease in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 59% decline in rent.
In the last 90 days, 8 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1940 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 walking is the most popular way to get to work amongst Old Town occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.