Mid-City Retail

Mid-City

Office Space Market Report

Number of Listings (last 90 days)
248
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
1,940
As of: August 22, 2017

Mid-City Rates

The typical asking rate per listing is in the $50's per square foot per year. The Mid-City submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 25% decline in rent.

Mid-City Listing Supply

In the last 90 days, 28 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 89% of the available leases in the Mid-City are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,850 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1973 and are Class A.

Mid-City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Mid-City work from home. Commuting around 20 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 Mid-City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mid-City.
Research