Most listings are in the $40's per square foot per year. The Historic Cultural region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 16% decrease in rent.
In the last 90 days, 9 listings have been listed, which means leases are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 20,450 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1941 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 area. Commute by bike is the most popular way to get to work amongst Historic Cultural folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.