Uptown Office Space

Uptown

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
3,000
As of: May 22, 2017

Uptown Rates

On average, listings lease in the $50's per square foot per year. The Uptown region is going through a decline in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 29% decrease in rent.

Uptown Listing Supply

In the last 90 days, 25 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 12% of the available leases in the Uptown are subleases, so you might be able to find a shorter term or below market rent. 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 9 stories. Most buildings in this region were built in 1947 and are Class B.

Uptown Community

This market is fairly equally mixed residential and commercial. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Uptown occupants. Commuting around 20 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 Uptown.
Market Report

Market Data

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