On average, listings lease in the $10's per square foot per year. The Southern Pines region is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 28% decrease in rent.
In the last 90 days, 37 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Southern Pines are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1987 and are Class B.
Real time and historical data on commercial real estate listings in Southern Pines.
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