Downtown Madison Retail

Downtown Madison

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,590
As of: June 23, 2017

Downtown Madison Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Madison submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $34 per sqft per year.

Downtown Madison Listing Supply

In the last 90 days, 19 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 79% of the available space in the Downtown Madison 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,590 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 1958 and are Class A.

Downtown Madison Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Madison residents. 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 Downtown Madison.
Market Report

Market Data

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