Newell 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 20, 2016

Newell Rates

Most listings are in the $10's per square foot per year. The Newell submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decline in rent.

Compared to the rest of the Metrolina market, the Newell region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Newell Listing Supply

In the last 90 days, 7 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1998 and are Class B.

Newell Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Newell folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.