On average, listings lease in the $10's per square foot per year. The Downtown Elkhart region is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 4 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,290 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1919 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Elkhart residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.