Midtown Industrial

Midtown

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,380
As of: June 26, 2017

Midtown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Midtown submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $32 per sqft per year.

Compared to the rest of the Greater Sacramento market, the Midtown submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Midtown Listing Supply

In the last 90 days, 15 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the available space in the Midtown are subleases, so you might be able to snag a great spot on a short term. 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 measurement for office space in this area is around 2,380 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1972 and are Class C.

Midtown Community

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 market. Commute by motorcycle is the most popular way to get to work amongst Midtown occupants. 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