Orchard South Retail

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Orchard South

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
5,620
As of: January 22, 2017

Orchard South Rates

On average, listings lease in the $20's per square foot per year. The Orchard South submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 49% rise in rent.

Orchard South Listing Supply

In the last 90 days, 10 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Orchard South are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 2007 and are Class A.

Orchard South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Orchard South occupants. 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 Orchard South.
Market Report

Market Data

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