Morrisville Sublease

Morrisville

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
4,220
As of: December 4, 2016

Morrisville Rates

Most listings are in the $10's per square foot per year. The Morrisville region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 40% decrease in rent.

Compared to the rest of the The Triangle market, the Morrisville submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Morrisville Listing Supply

In the last 90 days, 13 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available space in the Morrisville are subleases, so you might be able to find a shorter term or below market rent. 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 4,220 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1999 and are Class A.

Morrisville Community

Market Report

Trends and status of the commercial real estate market in Morrisville.
Market Report

Market Data

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