The typical asking rate per listing is in the $20's per square foot per year. The Downtown Topeka submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 11 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,920 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1925 and are Class B.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this market. Most of the residents of Downtown Topeka work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.