Most listings are 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 went up $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 lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 23 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Northclift are subleases, so you will probably have to consider a longer term lease. 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 1,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Northclift residents. 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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