The typical asking rate per listing is in the $30's per square foot per year. The Midtown region is going through a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the Greater Sacramento market, the Midtown submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 139 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Midtown are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 6,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1972 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Midtown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Midtown.
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