The typical asking rate per listing is in the $50's per square foot per year. The Selma submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $58 per sqft per year.
Compared to the rest of the The Triangle market, the Selma region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Selma 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 1,330 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1930 and are Class C.
Real time and historical data on commercial real estate listings in Selma.
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