Five Towns Retail

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Five Towns

Office Space Market Report

Number of Listings (last 90 days)
As of: October 24, 2016

Five Towns Rates

The typical asking rate per listing is in the $0's per square foot per year. The Five Towns submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $37 per sqft per year. That's a 100% decline in rent.

Five Towns Listing Supply

In the last 90 days, 0 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the listings in the Five Towns are subleases, so you will probably have to focus your search on direct office leases. 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  sqft. Most buildings in this market were built in 1973 and are Class C.

Five Towns Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the folk of Five Towns work from home. Commuting more than an hour and a half 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 Five Towns.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Five Towns.