Uptown Office Space

Uptown

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
5,170
As of: February 19, 2017

Uptown Rates

On average, listings lease in the $60's per square foot per year. The Uptown submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 9% decrease in rent.

Uptown Listing Supply

In the last 90 days, 26 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Uptown are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 9 floors. Most buildings in this market were built in 1955 and are Class B.

Uptown Community

This area 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 residents. Commuting approximately 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