Downtown Syracuse Industrial

Downtown Syracuse

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,600
As of: July 21, 2017

Downtown Syracuse Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Syracuse region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.

Downtown Syracuse Listing Supply

In the last 90 days, 45 listings have been posted online, so you'll want to check back regularly for new listings. About 44% of the office spaces in the Downtown Syracuse are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,600 sqft. Most properties in this area are approximately 5 stories. Most buildings in this region were built in 1930 and are Class A.

Downtown Syracuse Community

This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Downtown Syracuse folk. Commuting under 5 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 Downtown Syracuse.
Market Report

Market Data

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