Mid-City Retail

Mid-City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$77
Median Size (sqft)
3,050
As of: January 23, 2017

Mid-City Rates

The typical asking rate per listing is in the $70's per square foot per year. The Mid-City submarket is going through a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 7% rise in rent.

Mid-City Listing Supply

In the last 90 days, 29 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Mid-City 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.

Even though the median size is 3,050 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1972 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 area. Most of the residents of Mid-City work from home. Commuting close to 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