On average, listings lease in the $30's per square foot per year. The Central Business District region is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Orlando market, the Central Business District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 56 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Central Business District are subleases, so you will probably have to focus your search on direct office leases. 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 leases below 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this area were built in 1963 and are Class A.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central Business District occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.