Morningside Office Space

Morningside

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,170
As of: July 21, 2017

Morningside Rates

Most listings are in the $20's per square foot per year. The Morningside region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% rise in rent.

Morningside Listing Supply

In the last 90 days, 9 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the listings in the Morningside 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1984 and are Class B.

Morningside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Morningside folk. Commuting around an hour 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 Morningside.
Market Report

Market Data

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