Most listings are in the $0's per square foot per year. The Martin Luther King submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $23 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 3 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Martin Luther King are subleases, so you might be able to find a shorter term or below market rent. 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 12,740 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 12 floors. Most buildings in this region were built in 1940 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Martin Luther King residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.