The typical asking rate per listing is in the $20's per square foot per year. The Henderson Circle submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $29 per sqft per year. That's a 52% decline in rent.
Compared to the rest of the Metrolina market, the Henderson Circle submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 19 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 21% of the office spaces in the Henderson Circle are subleases, so you might be able to find a shorter term or below market rent. 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 1,100 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Henderson Circle residents. Commuting between 30 and 45 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 Henderson Circle.
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