Warehouse District Sublease

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Warehouse District

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
5,680
As of: June 26, 2017

Warehouse District Rates

Most listings are in the $30's per square foot per year. The Warehouse District submarket is going through a a boost in rates. In the last 3 months, the median rate went up $33 per sqft per year.

Compared to the rest of the The Triangle market, the Warehouse District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Warehouse District Listing Supply

In the last 90 days, 5 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Warehouse District 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,680 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 7 stories. Most buildings in this market were built in 1926 and are Class B.

Warehouse District Community

A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Warehouse District residents. Commuting approximately 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 Warehouse District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Warehouse District.
Research