Summit Commercial Real Estate

Summit

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,700

Summit Rates

On average, listings lease in the $30's per square foot per year. The Summit region is going through a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year.

Summit Listing Supply

In the last 90 days, 28 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Summit are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1978 and are Class B.

Summit Community

Market Data

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