The typical asking rate per listing is in the $10's per square foot per year. The King Charles submarket is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the The Triangle market, the King Charles submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 35 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the King Charles are subleases, so you might be able to snag a great spot on a short term. 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 410 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst King Charles occupants. Commuting close to 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 King Charles.
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