On average, listings lease in the $20's per square foot per year. The Downtown Manchester region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Greater Boston market, the Downtown Manchester submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 39 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Downtown Manchester are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,830 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1910 and are Class Class B.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown Manchester folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.