On average, listings lease in the $50's per square foot per year. The Historic Cultural submarket is going through a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year. That's a 133% increase in rent.
In the last 90 days, 29 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 66% of the available space in the Historic Cultural 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 posted, so finding a space for a small business might be tough.
Even though the median size is 8,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Historic Cultural residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.