Umstead Sublease

Umstead

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
11,500
As of: December 10, 2016

Umstead Rates

The typical asking rate per listing is in the $20's per square foot per year. The Umstead region is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 23% decline in rent.

Compared to the rest of the The Triangle market, the Umstead region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Umstead Listing Supply

In the last 90 days, 3 listings have come on the market, which means new listings 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.

Even though the median size is 11,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 2008 and are Class A.

Umstead 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 market. Commute by public transit is the most popular way to get to work amongst Umstead residents. Commuting under 5 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 Umstead.
Market Report

Market Data

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