Upper State Retail

Upper State

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Upper State Rates

On average, listings lease in the $40's per square foot per year. The Upper State region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.

Upper State Listing Supply

In the last 90 days, 8 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Upper State 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,880 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1968 and are Class A.

Upper State Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Upper State occupants. Commuting around 30 minutes 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 Upper State.
Market Report

Market Data

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