Midtown Industrial

Midtown

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,120
As of: February 21, 2017

Midtown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Midtown submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.

Midtown Listing Supply

In the last 90 days, 27 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Midtown are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,380 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region 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 area. 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