Midtown Retail

Midtown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
5,220
As of: February 24, 2017

Midtown Rates

On average, listings lease in the $30's per square foot per year. The Midtown submarket is going through a a rise in rates. In the last 3 months, the median rate went up $31 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Midtown submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Midtown Listing Supply

In the last 90 days, 2 listings have been listed, which means new availabilities might be 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,220 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1973 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. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Midtown folk. Commuting between 20 and 25 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