On average, listings lease in the $30's per square foot per year. The Downtown Madison region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
In the last 90 days, 165 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Downtown Madison 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are around 4 stories. Most buildings in this region were built in 1935 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Madison 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 Downtown Madison.
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