Midtown Sublease

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Midtown

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
1,000
As of: February 23, 2017

Midtown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Midtown submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% rise in rent.

Midtown Listing Supply

In the last 90 days, 6 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1971 and are Class B.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Midtown folk. Commuting close to 10 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