North Hills Sublease

North Hills

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,040
As of: July 19, 2017

North Hills Rates

On average, listings lease in the $20's per square foot per year. The North Hills region is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 18% rise in rent.

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

North Hills Listing Supply

In the last 90 days, 40 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. About 183% of the available leases in the North Hills 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,090 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1984 and are Class B.

North Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst North Hills residents. Commuting between 30 and 45 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 North Hills.
Market Report

Market Data

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