The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lincoln region is seeing a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 46% increase in rent.
In the last 90 days, 10 listings have been listed, which means spaces 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.
Even though the median size is 3,820 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1929 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Lincoln residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.