Elizabeth Sublease

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Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Elizabeth Rates

The typical asking rate per listing is in the $30's per square foot per year. The Elizabeth submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Metrolina market, the Elizabeth region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Elizabeth Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 6,750 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1972 and are Class A.

Elizabeth 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 market. Commute by motorcycle is the most popular way to get to work amongst Elizabeth occupants. Commuting around 15 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 Elizabeth.
Market Report

Market Data

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