On average, listings lease in the $30's per square foot per year. The Midtown region is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 23% decrease in rent.
In the last 90 days, 61 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Midtown are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1977 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Midtown occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.