On average, listings lease in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown region is going through a an increase in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% increase in rent.
In the last 90 days, 41 listings have been posted online, so you'll want to check back regularly for new listings. About 73% of the listings in the Downtown-Penn Quarter-Chinatown 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 12 floors. Most buildings in this region were built in 1986 and are Class A.
Utilities is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.