Orchard South Sublease

Orchard South

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
5,620
As of: February 24, 2017

Orchard South Rates

On average, listings lease in the $20's per square foot per year. The Orchard South submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 49% rise in rent.

Orchard South Listing Supply

In the last 90 days, 10 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the Orchard South 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,620 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 2007 and are Class A.

Orchard South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Orchard South 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 Orchard South.
Market Report

Market Data

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