Downtown Madison Retail

Downtown Madison

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,200
As of: February 26, 2017

Downtown Madison Rates

Most listings are in the $20's per square foot per year. The Downtown Madison submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 16% decline in rent.

Downtown Madison Listing Supply

In the last 90 days, 19 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Downtown Madison are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region 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 market. 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