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: May 20, 2017

Northclift Rates

On average, listings lease in the $10's per square foot per year. The Northclift region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 23% decline 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 undervalued submarket.

Northclift Listing Supply

In the last 90 days, 3 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,060 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 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 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 Northclift.
Market Report

Market Data

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