Midtown Office Space

Midtown

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,510

Midtown Rates

On average, listings lease in the $20's per square foot per year. The Midtown submarket is going through a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 44% increase in rent.

Midtown Listing Supply

In the last 90 days, 52 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the office spaces in the Midtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,510 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1954 and are Class B.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Midtown occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research