The typical asking rate per listing is in the $10's per square foot per year. The Northclift region is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 34% increase in rent.
Compared to the rest of the The Triangle market, the Northclift submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 23 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Northclift 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.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Northclift folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northclift.
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