Newell Office Space

Newell

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,100
As of: June 22, 2017

Newell Rates

Most listings are in the $20's per square foot per year. The Newell region is going through a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Metrolina market, the Newell submarket has less expensive 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 posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the available space in the Newell 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1998 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 market. 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.
Research