Morrisville Office Space

Morrisville

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
7,120

Morrisville Rates

On average, listings lease in the $20's per square foot per year. The Morrisville region is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 27% decrease in rent.

Compared to the rest of the The Triangle market, the Morrisville submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Morrisville Listing Supply

In the last 90 days, 278 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available leases in the Morrisville 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 posted, so finding a space for a small business might be tough.

Even though the median size is 7,120 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1999 and are Class A.

Morrisville Community

Market Data

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