Most listings are in the $20's per square foot per year. The Walnut Street submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year.
In the last 90 days, 5 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Walnut Street are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,420 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1908 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Walnut Street residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.