Midtown Commercial Real Estate For Lease

Midtown

Market Report

Number of Listings For Lease
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,960

Midtown Commercial Real Estate

Find Midtown commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Midtown commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Midtown Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Midtown region is going through a a boost in rates. In the last 3 months, the median rate for lease increased $4 per sqft per year. That's a 20% increase in rent.

Midtown Listing Supply

In the last 90 days, 36 commercial real estate listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,960 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built close to 1965 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. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Midtown residents. Commuting close to 10 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