On average, listings lease in the $20'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 24% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means leases 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 1,820 sqft. Most buildings in this region are around 1 stories. Most buildings in this market 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 close to 20 minutes a day is the norm for those who opt to reside in this part of town.