On average, listings lease in the $20's per square foot per year. The Downtown Syracuse region is seeing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 42% increase in rent.
In the last 90 days, 45 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown Syracuse are subleases, so you will probably have to consider a longer term lease. 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 4,640 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 6 floors. Most buildings in this area were built in 1950 and are Class A.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Downtown Syracuse residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.