Five Points Office Space

Five Points

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,400
As of: June 22, 2017

Five Points Rates

The typical asking rate per listing is in the $20's per square foot per year. The Five Points submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.

Five Points Listing Supply

In the last 90 days, 17 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 65% of the available leases in the Five Points 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,220 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1933 and are Class B.

Five Points Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Five Points folk. 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 Five Points.
Market Report

Market Data

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