Five Points Office Space

Five Points

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,000
As of: May 21, 2017

Five Points Rates

On average, listings lease in the $30's per square foot per year. The Five Points submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 17% decline in rent.

Five Points Listing Supply

In the last 90 days, 17 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Five Points are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 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 area. Commute by walking is the most popular way to get to work amongst Five Points 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 Five Points.
Market Report

Market Data

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