On average, listings lease in the $30's per square foot per year. The Downtown Concord submarket is going through a a boost in rates. In the last 3 months, the median rate rose $20 per sqft per year. That's a 103% rise in rent.
Compared to the rest of the Metrolina market, the Downtown Concord region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 34 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available leases in the Downtown Concord are subleases, so you will probably have to consider a longer term lease. 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 250 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1915 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Concord 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 Downtown Concord.
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