The typical asking rate per listing is in the $30's per square foot per year. The Midtown submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 28% increase in rent.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Midtown 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 1,980 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this area were built in 1977 and are Class A.
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 market. 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.