On average, listings lease in the $10's per square foot per year. The Historic Midtown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 31% decrease in rent.
In the last 90 days, 3 listings have been listed, which means new availabilities most likley are 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.
Even though the median size is 5,560 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Historic Midtown folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.