The typical asking rate per listing is in the $0's per square foot per year. The Capitol Area submarket is going through a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have come on the market, which means 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1965 and are Class C.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Capitol Area occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.