Midtown Sublease

Midtown

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
3,060
As of: August 18, 2017

Midtown Rates

The typical asking rate per listing is in the $10's per square foot per year. The Midtown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 31% decline in rent.

Midtown Listing Supply

In the last 90 days, 8 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% 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 3,060 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1956 and are Class B.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Midtown folk. Commuting close to 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 Midtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research