Most listings are in the $30's per square foot per year. The Five Points submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 17 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Five Points are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1933 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Five Points folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.