New Centre Sublease

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New Centre

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,670
As of: June 22, 2017

New Centre Rates

The typical asking rate per listing is in the $10's per square foot per year. The New Centre submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year.

New Centre Listing Supply

In the last 90 days, 6 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the New Centre are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,670 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 2005 and are Class A.

New Centre 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 region. Commute by walking is the most popular way to get to work amongst New Centre folk. Commuting approximately 30 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 New Centre.
Market Report

Market Data

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