On average, listings lease in the $0's per square foot per year. The Renown Medical Center region is seeing a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 6 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Renown Medical Center folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.