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 $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 4 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,370 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this area were built in 1916 and are Class C.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central Business District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.