Midtown Retail

Midtown

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
3,060
As of: July 19, 2017

Midtown Rates

Most listings are in the $10's per square foot per year. The Midtown submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 31% decrease in rent.

Midtown Listing Supply

In the last 90 days, 8 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Midtown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,060 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1956 and are Class B.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Midtown occupants. 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 Midtown.
Market Report

Market Data

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