On average, listings lease in the $30's per square foot per year. The Central Area region is seeing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 33% increase in rent.
In the last 90 days, 40 listings have been listed, which means spaces are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1964 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Most of the occupants of Central Area work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.