Most listings are in the $0's per square foot per year. The New Center region is experiencing a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1935 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst New Center occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.