North Ridge Retail

North Ridge

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,930
As of: June 27, 2017

North Ridge Rates

Most listings are in the $30's per square foot per year. The North Ridge submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.

Compared to the rest of the Gold Coast market, the North Ridge submarket has higher rates, and you'll need to make a great offer to be in this hot region.

North Ridge Listing Supply

In the last 90 days, 12 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the North Ridge 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.

Even though the median size is 3,930 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1982 and are Class B.

North Ridge 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 region. Commute by car is the most popular way to get to work amongst North Ridge folk. Commuting between 30 and 45 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 North Ridge.
Market Report

Market Data

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