The typical asking rate per listing is in the $30's per square foot per year. The Midtown region is going through a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 19% decline in rent.
In the last 90 days, 14 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Midtown 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 1,910 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 1978 and are Class A.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.