Morningside Retail

Morningside

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
2,040

Morningside Rates

On average, listings lease in the $10's per square foot per year. The Morningside region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 46% decrease in rent.

Morningside Listing Supply

In the last 90 days, 36 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Morningside are subleases, so you will probably have to consider a longer term lease. 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 2,040 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1984 and are Class B.

Morningside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Morningside folk. Commuting close to an hour 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 Morningside.
Research