Most listings are in the $40's per square foot per year. The Lower State region is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 8 listings have come on the market, which means leases might be 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 find a shorter term or below market rent. 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 4,540 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market were built in 1974 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 area. Most of the occupants 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.