North Ridge Office Space

North Ridge

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,930
As of: December 7, 2016

North Ridge Rates

The typical asking rate per listing is in the $30's per square foot per year. The North Ridge region is seeing a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 36% increase in rent.

Compared to the rest of the Gold Coast market, the North Ridge submarket has higher rates, and you'll need to make a great offer to be in this hot region.

North Ridge Listing Supply

In the last 90 days, 2 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,930 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 4 stories. Most buildings in this region were built in 1982 and are Class B.

North Ridge Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst North Ridge 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 North Ridge.
Market Report

Market Data

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