On average, listings lease in the $20's per square foot per year. The Downtown Montpelier submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 12 listings have been made available, which means leases are probably 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.
Even though the median size is 5,400 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 3 stories.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Montpelier folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.