Midtown Industrial

Midtown

Office Space Market Report

Number of Listings (last 90 days)
60
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,500
As of: December 8, 2016

Midtown Rates

On average, listings lease in the $30's per square foot per year. The Midtown submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 23% decline in rent.

Midtown Listing Supply

In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Midtown are subleases, so you will probably have to focus your search on direct office leases. 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 2,400 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1977 and are Class A.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Midtown folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research