The typical asking rate per listing is in the $20's per square foot per year. The Arts District submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% increase in rent.
In the last 90 days, 15 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the Arts District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,820 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this market were built in 1900 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Arts District occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.