Midtown Office Space

Midtown

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,630
As of: January 23, 2017

Midtown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Midtown region is seeing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 23% increase in rent.

Compared to the rest of the Greater Sacramento market, the Midtown region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Midtown Listing Supply

In the last 90 days, 4 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,630 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1975 and are Class C.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by motorcycle 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.

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