On average, listings lease in the $150's per square foot per year. The City Center submarket is going through a a rise in rates. In the last 3 months, the median rate increased $158 per sqft per year.
Compared to the rest of the Gold Coast market, the City Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 250% of the office spaces in the City Center 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 2,580 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this market were built in 1959 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst City Center residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.