Downtown Winston-Salem Retail

Downtown Winston-Salem

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
18,320
As of: December 10, 2016

Downtown Winston-Salem Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Winston-Salem region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 24% decrease in rent.

Downtown Winston-Salem Listing Supply

In the last 90 days, 8 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available leases in the Downtown Winston-Salem 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 18,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1941 and are Class A.

Downtown Winston-Salem Community

This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Winston-Salem residents. 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 Downtown Winston-Salem.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Winston-Salem.
Research