On average, listings lease in the $30's per square foot per year. The University Park - South Downtown region is going through a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% rise in rent.
In the last 90 days, 28 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the University Park - South Downtown are subleases, so you might be able to find a shorter term or below market rent. 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 7,470 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this area were built in 1953 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst University Park - South Downtown occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.