On average, listings lease in the $20's per square foot per year. The River Bottoms submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% rise in rent.
In the last 90 days, 8 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 88% of the available leases in the River Bottoms are subleases, so you might be able to find a shorter term or below market rent. 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 19,380 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1999 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst River Bottoms residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.