The typical asking rate per listing is in the $10's per square foot per year. The Downtown Syracuse region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 26 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,540 sqft. Most buildings in this market are around 6 stories. Most buildings in this market were built in 1960 and are Class B.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Downtown Syracuse residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.