Mid-City Sublease

Mid-City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
1,990
As of: December 2, 2016

Mid-City Rates

Most listings are in the $60's per square foot per year. The Mid-City region is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 14% decline in rent.

Mid-City Listing Supply

In the last 90 days, 33 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Mid-City 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 1,940 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1972 and are Class A.

Mid-City 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. Most of the occupants of Mid-City work from home. Commuting approximately 20 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 Mid-City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mid-City.
Research