Mid-City Sublease

Mid-City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$77
Median Size (sqft)
3,050
As of: January 19, 2017

Mid-City Rates

On average, listings lease in the $70's per square foot per year. The Mid-City submarket is going through a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 7% rise in rent.

Mid-City Listing Supply

In the last 90 days, 31 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,050 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area 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 market. 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