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On average, commerial real estate listings lease in the $30's per square foot per year. The Wessex Square region is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $30 per sqft per year.
Compared to the rest of the Metrolina commercial real estate market, the Wessex Square submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 commercial real estate listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 size for office space in this area is around 1,300 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built close to 2000 and are Class A.
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 area. Commute by walking is the most popular way to get to work amongst Wessex Square residents. 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 Wessex Square.
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