North State Retail

North State

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
4,740
As of: December 4, 2016

North State Rates

The typical asking rate per listing is in the $60's per square foot per year. The North State submarket is going through a an increase in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 58% rise in rent.

North State Listing Supply

In the last 90 days, 4 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the North State 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1971 and are Class A.

North State Community

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

Market Data

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