The typical asking rate per listing is in the $20's per square foot per year. The North Hills region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the The Triangle market, the North Hills submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 546 listings have been listed, so you'll want to check back regularly for new listings. About 12% of the available leases in the North Hills are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,940 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst North Hills residents. Commuting between 30 and 45 minutes 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 North Hills.
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