On average, listings lease in the $30's per square foot per year. The Arts District submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 29% decrease in rent.
In the last 90 days, 6 listings have come on the market, which means spaces most likley are 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.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1963 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Arts District occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.