Midtown Industrial

Midtown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
5,220
As of: March 12, 2017

Midtown Rates

Most listings are in the $30's per square foot per year. The Midtown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $31 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Midtown region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Midtown Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces most likley are 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,220 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1973 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. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Midtown occupants. Commuting between 20 and 25 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