Northclift Office Space

Northclift

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,000
As of: August 18, 2017

Northclift Rates

Most listings are in the $10's per square foot per year. The Northclift submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 34% rise in rent.

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

Northclift Listing Supply

In the last 90 days, 3 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Northclift 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1983 and are Class B.

Northclift Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Northclift 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 Northclift.
Market Report

Market Data

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