Midtown Retail

Midtown

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,120
As of: March 12, 2017

Midtown Rates

On average, listings lease in the $30's per square foot per year. The Midtown region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.

Midtown Listing Supply

In the last 90 days, 14 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Midtown are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1977 and are Class A.

Midtown Community

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.

Market Report

Trends and status of the commercial real estate market in Midtown.
Market Report

Market Data

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