Smithfield Office Space

Smithfield

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
170
As of: June 27, 2017

Smithfield Rates

On average, listings lease in the $10's per square foot per year. The Smithfield region is going through a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year.

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

Smithfield Listing Supply

In the last 90 days, 9 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 111% of the listings in the Smithfield are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 170 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1995 and are Class B.

Smithfield Community

Market Report

Trends and status of the commercial real estate market in Smithfield.
Market Report

Market Data

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

Johnston County Submarkets