Midtown Sublease

Midtown

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
5,000
As of: June 27, 2017

Midtown Rates

On average, listings lease in the $40's per square foot per year. The Midtown submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $44 per sqft per year.

Midtown Listing Supply

In the last 90 days, 14 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 500% of the available space in the Midtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 1978 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 region. Commute by bike is the most popular way to get to work amongst Midtown occupants. 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