Prospect Hill Sublease

Prospect Hill

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
3,840
As of: December 2, 2016

Prospect Hill Rates

The typical asking rate per listing is in the $20's per square foot per year. The Prospect Hill region is experiencing a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a Inf% rise in rent.

Prospect Hill Listing Supply

In the last 90 days, 3 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Prospect Hill 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,840 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1948 and are Class A.

Prospect Hill 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 region. Most of the residents of Prospect Hill 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 Prospect Hill.
Market Report

Market Data

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