On average, listings lease in the $10's per square foot per year. The Downtown Winston-Salem region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 305 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available space in the Downtown Winston-Salem are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1941 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Winston-Salem occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Winston-Salem.
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