The typical asking rate per listing is in the $40's per square foot per year. The University Park - South Downtown submarket is going through a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 15% increase in rent.
In the last 90 days, 26 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 104% of the office spaces 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 5,720 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this region were built in 1953 and are Class A.
A large portion of this region 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 residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.