University Sublease

University

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,160
As of: December 9, 2016

University Rates

Most listings are in the $30's per square foot per year. The University region is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% increase in rent.

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

University Listing Supply

In the last 90 days, 6 listings have been listed, 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 2,160 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1971 and are Class B.

University Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst University occupants. 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 University.
Market Report

Market Data

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