Caprock Industrial

Caprock

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
190
As of: May 23, 2017

Caprock Rates

The typical asking rate per listing is in the $30's per square foot per year. The Caprock region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decline in rent.

Caprock Listing Supply

In the last 90 days, 15 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Caprock are subleases, so you will probably have to consider a longer term 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 190 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 1980 and are Class B.

Caprock Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Caprock folk. Commuting close to 15 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 Caprock.
Market Report

Market Data

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