On average, listings lease in the $70's per square foot per year. The Lower State submarket is going through a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a 58% rise in rent.
In the last 90 days, 8 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the listings in the Lower State are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,030 sqft. Most buildings in this area are close to 3 stories. Most buildings in this region 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 region. 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.