Upper State Retail

Upper State

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
1,930
As of: December 10, 2016

Upper State Rates

The typical asking rate per listing is in the $40's per square foot per year. The Upper State submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.

Upper State Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,930 sqft. Most properties in this region are around 2 floors. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst Upper State residents. 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.
Research