On average, listings lease in the $30's per square foot per year. The Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $21 per sqft per year. That's a 37% decline in rent.
In the last 90 days, 5 listings have been posted online, which means office spaces might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,560 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this region were built in 1946 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Most of the occupants of Central Business District work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.