Newell Office Space

Newell

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,050
As of: February 22, 2017

Newell Rates

Most listings are in the $10's per square foot per year. The Newell region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Metrolina market, the Newell submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Newell Listing Supply

In the last 90 days, 2 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,050 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1996 and are Class B.

Newell Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Newell occupants. Commuting more than an hour and a half 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 Newell.
Market Report

Market Data

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