North Hills Industrial

North Hills

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,880
As of: June 27, 2017

North Hills Rates

On average, listings lease in the $20's per square foot per year. The North Hills region is going through a a boost in rates. In the last 3 months, the median rate rose $26 per sqft per year.

Compared to the rest of the The Triangle market, the North Hills region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

North Hills Listing Supply

In the last 90 days, 40 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 163% of the office spaces in the North Hills 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.

The standard measurement for office space in this area is around 1,880 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1984 and are Class B.

North Hills Community

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 market. 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.

Market Report

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

Market Data

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