On average, listings lease in the $10's per square foot per year. The Downtown region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 1 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1895 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the residents of Downtown work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.