On average, listings lease in the $60's per square foot per year. The Downtown-Penn Quarter-Chinatown region is going through a a boost in rates. In the last 3 months, the median rate increased $69 per sqft per year.
In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 95% of the office spaces in the Downtown-Penn Quarter-Chinatown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 11,260 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 12 floors. Most buildings in this region were built in 1986 and are Class A.
Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown-Penn Quarter-Chinatown folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.