North Downtown Office Space

North Downtown

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,950
As of: August 19, 2017

North Downtown Rates

On average, listings lease in the $20's per square foot per year. The North Downtown submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% rise in rent.

North Downtown Listing Supply

In the last 90 days, 16 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 44% of the listings in the North Downtown are subleases, so you might be able to snag a great spot on a short term. 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 2,950 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 12 floors. Most buildings in this region were built in 1927 and are Class A.

North Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Downtown occupants. Commuting close to 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 North Downtown.
Market Report

Market Data

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