On average, listings lease in the $0's per square foot per year. The Over-The Rhine region is going through a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 31,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 2017 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Over-The Rhine residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.