The typical asking rate per listing is in the $20's per square foot per year. The Arts District region is seeing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.
In the last 90 days, 15 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available leases in the Arts District are subleases, so you might be able to snag a great spot on a short term. 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 4,820 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this market were built in 1900 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Arts District folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.