Somerset County Industrial

Somerset County

Office Space Market Report

Number of Listings (last 90 days)
90
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
6,700
As of: December 3, 2016

Somerset County Rates

The typical asking rate per listing is in the $30's per square foot per year. The Somerset County submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.

Somerset County Listing Supply

In the last 90 days, 90 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available leases in the Somerset County 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.

Even though the median size is 6,700 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1985 and are Class A.

Somerset County Community

Market Report

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

Market Data

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