The typical asking rate per listing is in the $0's per square foot per year. The Chinatown - Leather District submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $25 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Chinatown - Leather District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this area 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.