Umstead Retail

Umstead

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,580
As of: February 22, 2017

Umstead Rates

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

Umstead Listing Supply

In the last 90 days, 13 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Umstead are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,550 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 2008 and are Class A.

Umstead Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Umstead folk. Commuting under 5 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 Umstead.
Market Report

Market Data

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