Most listings are in the $10's per square foot per year. The Lettered Streets submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 1 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Lettered Streets are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,730 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1970.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lettered Streets folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.