Newell Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Newell Rates

The typical asking rate per listing is in the $10's per square foot per year. The Newell region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decrease in rent.

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

Newell Listing Supply

In the last 90 days, 9 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,500 sqft. Most buildings in this market are around 2 floors. Most buildings in this region 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 region. Commute by public transit is the most popular way to get to work amongst Newell folk. 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.