On average, listings lease in the $0's per square foot per year. The Chinatown - Leather District submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been listed, which means leases might be leasing quickly. 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.
The standard measurement for office space in this area is around sqft. Most properties in this area are approximately 6 floors. Most buildings in this market were built in 1910 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Chinatown - Leather District occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.