Mid-City Sublease

Mid-City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$75
Median Size (sqft)
2,480
As of: February 22, 2017

Mid-City Rates

On average, listings lease in the $70's per square foot per year. The Mid-City region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.

Mid-City Listing Supply

In the last 90 days, 31 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Mid-City are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,480 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1965 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 region. Most of the folk of Mid-City work from home. Commuting around 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