Midtown Sublease

Midtown

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
6,450
As of: July 19, 2017

Midtown Rates

Most listings are in the $30's per square foot per year. The Midtown submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.

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

Midtown Listing Supply

In the last 90 days, 15 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 6,450 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region 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 area. 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