Most listings are in the $20's per square foot per year. The Downtown Bloomington submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% rise in rent.
In the last 90 days, 6 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 150% of the office spaces in the Downtown Bloomington 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1970 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Downtown Bloomington folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.