Midtown Sublease

Midtown

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
1,550
As of: May 21, 2017

Midtown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Midtown submarket is going through a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Greater Sacramento market, the Midtown submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Midtown Listing Supply

In the last 90 days, 15 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,550 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1972 and are Class C.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by motorcycle 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