Smithfield Office Space

Smithfield

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
170

Smithfield Rates

On average, listings lease in the $10's per square foot per year. The Smithfield region is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.

Compared to the rest of the The Triangle market, the Smithfield region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Smithfield Listing Supply

In the last 90 days, 37 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Smithfield are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 170 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 1992 and are Class B.

Smithfield Community

Market Data

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