The typical asking rate per listing is in the $60's per square foot per year. The Downtown Amarillo submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $48 per sqft per year. That's a 250% rise in rent.
In the last 90 days, 11 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 130 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Amarillo residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.