Cornelius Industrial

Cornelius

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,670
As of: May 22, 2017

Cornelius Rates

On average, listings lease in the $20's per square foot per year. The Cornelius submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Metrolina market, the Cornelius submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Cornelius Listing Supply

In the last 90 days, 5 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Cornelius are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,670 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1999 and are Class A.

Cornelius Community

Market Report

Trends and status of the commercial real estate market in Cornelius.
Market Report

Market Data

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