Most listings are in the $30's per square foot per year. The Providence Crossing submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Metrolina market, the Providence Crossing submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 38 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available leases 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 region are around 2 floors. Most buildings in this market 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 area. Most of the residents of Providence Crossing work from home. Commuting around 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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