On average, listings lease in the $20's per square foot per year. The Midtown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 44% rise in rent.
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 listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,460 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1954 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst Midtown residents. Commuting around 20 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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