North Hills Office Space

North Hills

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
3,110
As of: December 9, 2016

North Hills Rates

On average, listings lease in the $20's per square foot per year. The North Hills submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 34% increase in rent.

Compared to the rest of the The Triangle market, the North Hills region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

North Hills Listing Supply

In the last 90 days, 34 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the North Hills are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,110 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1984 and are Class B.

North Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst North Hills 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 North Hills.
Market Report

Market Data

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