On average, listings lease in the $0's per square foot per year. The Arena District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 7 listings have come on the market, which means office spaces 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.
The standard measurement for office space in this area is around sqft. Most properties in this region are approximately 5 floors. Most buildings in this market were built in 2000 and are Class A.
Waste services is the dominant industry in this market. Most of the residents of Arena District work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.