The typical asking rate per listing is in the $30's per square foot per year. The Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Orlando market, the Central Business District region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Central Business District 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 2,300 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this market were built in 1960 and are Class A.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Central Business District residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.