On average, listings lease in the $0's per square foot per year. The Martin Luther King region is experiencing a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,090 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 12 stories. Most buildings in this region were built in 1940 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Martin Luther King folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.