On average, listings lease in the $60's per square foot per year. The Mid-City region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 5% increase in rent.
In the last 90 days, 248 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available space in the Mid-City are subleases, so you might be able to find a shorter term or below market rent. 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 1,650 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1972 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Mid-City work from home. Commuting close to 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 Mid-City.
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