On average, listings lease in the $30's per square foot per year. The Providence Crossing submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year.
Compared to the rest of the Metrolina market, the Providence Crossing region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 38 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Providence Crossing are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,450 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the residents of Providence Crossing work from home. Commuting approximately an hour and a half 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 Providence Crossing.
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