Umstead Industrial

Umstead

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,930
As of: May 20, 2017

Umstead Rates

The typical asking rate per listing is in the $30's per square foot per year. The Umstead region is experiencing a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 89% rise in rent.

Compared to the rest of the The Triangle market, the Umstead region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Umstead Listing Supply

In the last 90 days, 14 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 2,930 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 2008 and are Class A.

Umstead 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 area. Commute by public transit is the most popular way to get to work amongst Umstead folk. Commuting under 5 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 Umstead.
Market Report

Market Data

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