The typical asking rate per listing is in the $30's per square foot per year. The Downtown Madison region is seeing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 165 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Madison are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,710 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this area were built in 1947 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 area. 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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