Downtown Madison Office Space

Downtown Madison

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,160
As of: December 10, 2016

Downtown Madison Rates

On average, listings lease in the $40's per square foot per year. The Downtown Madison submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 31% rise in rent.

Downtown Madison Listing Supply

In the last 90 days, 5 listings have been listed, which means listings are probably 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,160 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1963 and are Class A.

Downtown Madison Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Madison 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 Downtown Madison.
Market Report

Market Data

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