Midtown Office Space

Midtown

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
5,000
As of: May 20, 2017

Midtown Rates

On average, listings lease in the $40's per square foot per year. The Midtown region is going through a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 23% increase in rent.

Midtown Listing Supply

In the last 90 days, 14 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings 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.

Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this area were built in 1981 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 market. Commute by bike 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