On average, listings lease in the $0's per square foot per year. The Edison Park submarket is going through a decline in rates. In the last 3 months, the median rate decreased $43 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 5 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the Edison Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Edison Park occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.