Middletown Office Market Trends

Office Rental Market

  • $21.60 2019 Avg. Asking Rent
  • 3.85 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Middletown was $21.60 per square foot, and the office vacancy rate across the market averaged 3.85 %. During 2019, developers added 0 square feet of new office space to the Middletown market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Middletown Class B Office Buildings$22.07
  • Middletown Class C Office Buildings$15.00
  • NY Class A Office Buildings$71.98
  • NY Class B Office Buildings$36.81
  • NY Class C Office Buildings$24.83

Middletown, NY Office Asking Rents by Class

OFFICE CONSTRUCTION IN Middletown, NY

  • Middletown, NY Total Sqft completed in 2019 0
  • Middletown, NY Total Sqft under construction in 2020 0
10 Largest Office Buildings in Middletown
Building name Address Total Sqft Year built
40 Mullberry Street 40 Mullberry Street, 10940 52,118 1963
39-55 Dolson Avenue 39-55 Dolson Avenue, 10940 32,583 1966
201 Dolson Avenue 201 Dolson Avenue, 10940 32,239 1974
50-54 Highland Avenue 50 Highland Avenue, 10940 29,917 1968
225 Dolson Avenue 225 Dolson Avenue, 10940 25,516 1990
Largest Office Properties Recently Completed in Middletown
Office building Address Sqft Completed
225 Dolson Avenue 225 Dolson Avenue, 10940 25,516 1990
201 Dolson Avenue 201 Dolson Avenue, 10940 32,239 1974
50-54 Highland Avenue 50 Highland Avenue, 10940 29,917 1968
39-55 Dolson Avenue 39-55 Dolson Avenue, 10940 32,583 1966
40 Mullberry Street 40 Mullberry Street, 10940 52,118 1963
Data provided by Commercial Edge

Office Spaces for Rent in New York

See trends for nearby markets

The Middletown office market contains an inventory of 990,910 square feet of office space, in 14 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Middletown commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.