Northclift Office Space

Northclift

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
4,060
As of: June 21, 2017

Northclift Rates

On average, listings lease in the $10's per square foot per year. The Northclift region is seeing a a rise in rates. In the last 3 months, the median rate went up $14 per sqft per year.

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

Northclift Listing Supply

In the last 90 days, 3 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Northclift are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,060 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. 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 region. Commute by car is the most popular way to get to work amongst Northclift residents. 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