On average, listings lease in the $0's per square foot per year. The Park Place submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 3 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 3,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Park Place work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.