The typical asking rate per listing is in the $40's per square foot per year. The Lower State submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 4 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Lower State are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most buildings in this area were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the occupants of Lower State work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.