Most listings are in the $10's per square foot per year. The Downtown Jewel region is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.
Compared to the rest of the Gold Coast market, the Downtown Jewel submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 0 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Downtown Jewel 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 900 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1950 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Downtown Jewel residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.