Most listings are in the $0's per square foot per year. The Walnut Hill submarket is going through a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 18 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Walnut Hill 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.
The standard measurement for office space in this area is around 1,530 sqft. Most buildings in this market are around 14 stories. Most buildings in this area were built in 1929 and are Class A.
Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Walnut Hill folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.