The typical asking rate per listing is in the $10's per square foot per year. The Smithfield region is experiencing a a boost in rates. In the last 3 months, the median rate rose $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 depreciated region.
In the last 90 days, 37 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Smithfield 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 available, 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 buildings in this region are close to 1 stories. Most buildings in this area were built in 1992 and are Class B.
Real time and historical data on commercial real estate listings in Smithfield.
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