On average, listings lease in the $10's per square foot per year. The Central Business District region is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 23% decrease in rent.
In the last 90 days, 3 listings have been made available, which means office spaces most likley are going fast. 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 4,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this market were built in 1916 and are Class C.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.