Downtown Syracuse Office Space

Downtown Syracuse

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,640
As of: May 20, 2017

Downtown Syracuse Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Syracuse submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 42% rise in rent.

Downtown Syracuse Listing Supply

In the last 90 days, 45 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Downtown Syracuse are subleases, so you will probably have to consider a longer term 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 4,640 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built in 1950 and are Class A.

Downtown Syracuse Community

This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Downtown Syracuse residents. Commuting under 5 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 Downtown Syracuse.
Market Report

Market Data

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