The typical asking rate per listing is in the $40's per square foot per year. The Lower State region is going through a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 63% increase in rent.
In the last 90 days, 8 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% 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 2,090 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1926 and are Class A.
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 market. Most of the residents of Lower State work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.