Midtown Sublease

Midtown

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,040
As of: August 19, 2017

Midtown Rates

On average, listings lease in the $30's per square foot per year. The Midtown submarket is going through a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 29% decrease in rent.

Midtown Listing Supply

In the last 90 days, 14 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 264% of the available leases 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1980 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. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Midtown 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 Midtown.
Market Report

Market Data

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